The U.S. Department of Justice is reportedly examining Disney's (DIS, Financial) recent decision to acquire a controlling interest in FuboTV (FUBO). This scrutiny is part of a larger investigation into potential market concentration issues within the sports streaming sector.
In January, Disney announced its plan to merge Hulu + Live TV with FuboTV, raising concerns among antitrust officials about the possible limitations such a merger could impose on competition. The inquiry aims to determine if this move would unfairly dominate the sports streaming market, according to sources familiar with the situation.
Following news of the investigation, FuboTV's shares have declined by 3%, bringing the price to $2.92. This development highlights the ongoing challenges and regulatory hurdles faced by major corporations in the rapidly evolving streaming landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 27 analysts, the average target price for The Walt Disney Co (DIS, Financial) is $123.90 with a high estimate of $147.00 and a low estimate of $79.00. The average target implies an upside of 39.22% from the current price of $89.00. More detailed estimate data can be found on the The Walt Disney Co (DIS) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, The Walt Disney Co's (DIS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Walt Disney Co (DIS, Financial) in one year is $115.46, suggesting a upside of 29.73% from the current price of $89. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Walt Disney Co (DIS) Summary page.
