Walt Disney Co (NYSE:DIS) is trading slightly higher Wednesday ahead of its scheduled earnings report this week.
Two to three years from now, Disney will be trading at $300 per share, Cerity Partners’ Jim Lebenthal said on CNBC’s “Fast Money Halftime Report.”
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With the theme parks and studios reopening, Disney’s stock should have some upside ahead, according to Lebenthal.
Disney+ streaming numbers have been great, he said, adding that he expects the numbers to continue to grow moving forward.
“Give it two to three years to get to $300,” Lebenthal said.
Disney is set to announce its fiscal third-quarter 2021 financial results after the market closes Thursday.
DIS Price Action: Disney has traded as high as $203.02 and as low as $117.23 over a 52-week period.
At last check Wednesday, Disney was up 0.43% at $177.83.
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