DIS - Disney Wins Again With Inside Out 2: Time to Buy the Stock?
2024-07-02 10:30:00 ET
Some have doubted The Walt Disney Company (NYSE: DIS) in recent years, but there's no doubt that it still has the magic touch when it comes to making content. Pixar film Inside Out 2 is Disney's latest home run. It's the highest-grossing film of 2024, a smashing success by every metric.
The impact of its popularity will trickle out to other parts of the business, such as its Disney+ streaming platform. And it shows that Disney's core growth engine remains intact despite the stock's poor performance. The shares are down nearly 30% over the past five years.
So, should investors view the success of Inside Out 2 as a green light to buy shares? Not so fast. Disney has some core challenges that could continue pressuring the stock.
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Disney Wins Again With "Inside Out 2": Time to Buy the Stock?