Disney’s (NYSE:DIS) multi-billion dollar investment plan at the Walt Disney World resort in Florida isn’t the only magical thing happening for the company this month. The entertainment giant’s animation film Inside Out 2 is off to a flying start, and there’s some good news for Chinese fans of the hit Deadpool films as well.
Inside Out 2 Is Off to a Flying Start
Disney’s Inside Out 2 hit U.S. screens last Friday. The film has smashed global and domestic box office records, garnering nearly $155 million over the weekend in the U.S. At $295 million, the film has clocked the largest global opening for an animated film ever. Its prequel had raked in nearly $858 million globally in 2015. Inside Out 2’s success comes just as Disney’s Star Wars-based offering, The Acolyte, notched the biggest series premiere for Disney+ this year.
Get Ready for Deadpool & Wolverine
But there’s more excitement for fans as the third installment of the hit Deadpool franchise, Deadpool & Wolverine, is up for release next month. The first two Deadpool films grossed nearly $1.5 billion globally. The third installment is estimated to notch a +$200 million opening.
Additionally, Disney has bagged approval for releasing Deadpool 3 in China in July, the same time as the U.S. The first Deadpool film was barred in China and only a PG-13 version of its sequel was released in the country. This time around, though, the film’s simultaneous release could mean more earnings for Disney. The company acquired the movie rights to Deadpool as part of its $71.3 billion acquisition of 21st Century Fox in 2019.
What Is the Target Price for DIS Stock?
Disney’s share price is up by nearly 12% over the past year. Overall, the Street has a Strong Buy consensus rating on the stock, alongside an average DIS price target of $129.38. This points to a mouth-watering 29.4% potential upside in Disney shares over the coming periods.
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