A simple glance at Disney news this week proves one thing. People are ready to travel again!
Travel Planning Demand Continues to Increase
Confidence in travel is on the rise as with 50 percent of U.S. adults receiving at least one vaccine jab. In fact, Disney vacation planning continues to soar back to pre-pandemic levels.
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For example, bookings on the inaguaral sailing for Disney Cruise Line’s brand-new Disney Wish sold out in the first 30 minutes of availability this week. Only Platinum-level Castaway Club members could even book at the time. The ship will set sail in June 2022.
Walt Disney Co. Prediction
With this information, stock market experts predict that Walt Disney Co. stock should continue to increase throughout the year. They have set a 12-month forecast target of $213.00. This represents a 23.51 percent increase, according to Fintech Zoom Business.
“Combine [the increase in vaccination rates] with the fact that the pandemic has been especially hard on kids, some of whom have been isolated from their friends and classmates for nearly a year. If you’re bored with Zoom meetings, try to imagine how a ten-year-old must feel about them,” said Ed Ponsi, a contributor for Real Money Pro, in a recent article on The Street.
With annual cruisers ready to book a return to their traditions and Disney fans around the world returning to the parks, the prediction makes perfect sense. Disney Parks also expects enormous popularity in their upcoming openings and celebrations: Star Wars: Galactic Starcruiser at Walt Disney World, Avengers Campus at Disneyland, and Remy’s Ratatouille Adventure at EPCOT. Walt Disney World also kicks off its 50th anniversary celebration on October 1st with much-anticipated park enhancements and entertainment.
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Walt Disney Studios and Disney+ continue to release epically popular shows and films with many more on the horizon, including Disney’s “Cruella,” Marvel’s “Black Widow,” Pixar’s “Luca,” and “Loki” on Disney+ all set to release in the next couple months.
Disney Stock Moves in 2021
Disney spent much of the year so far consolidating their 31% gains made in 2020. They have also seen a bit of a slow down in day-to-day trading lately.
Disney stayed above its 200-day moving average every day for the past six months. This indicates a positive trend for the future, especially with the consolidation efforts to stabilize the value before its next increase.
“Think of this price action as similar to digesting a large meal. It’s not unusual for a stock to have a great run, and then pause for a time before resuming its ascent. That’s what Disney is doing now,” Ponsi said in The Street post.
Will blockbuster releases, original streaming content, and theme park demand and enhancements be enough to increase DIS stock? I guess only Mama Odie could predict that future.
Feature Image Credit: AP Photo/Richard Drew, File
Are you ready to start planning your magical Disney adventure today? I can’t wait to help you find your version of the magic. As a Platinum-level Authorized Disney Vacation Planner, I create customized itineraries, book advanced dining, monitor for discounts, and so much more. I also have a wealth of experience in planning for special needs guests, health-compromised and allergy-challenged guests, and large groups. Most importantly, my services are complimentary to you! Get in touch via email at [email protected] or message me on Facebook. You can also find out more about my family and me at MickeyTravels and follow me on Instagram and TikTok.