edited for content
- Sep 14, 2002
- Reaction score
- L.A. area
I looked at DIS again this morning and updated my projections with recent analyst forecasts. I've lowered my target price to sub $85 before I take another serious look. I think the negative sentiment surrounding streaming and a possible/likely recession is impacting growth forecasts. I may miss out on a good opportunity at its current price, but their numbers have been all over the place these past several years with huge acquisitions and Covid. It's hard to get a baseline to get confident cash flow estimates for the next 5 years. I'll continue to watch it though.
NFLX is one of my few holdings that's down today, so it looks like you're making the correct decision by waiting.