Walt Disney got a price target hike from Bernstein, thanks to the subscriber numbers for Disney+.
Analysts at Bernstein raised their price target on the media behemoth's shares to $137 from $131. The analysts re-iterated their market perform rating on the stock. Bernstein analysts cited "astounding, no matter how many of them were promotional" subscriber numbers for Disney+, the media giant's newly launched video streaming service (according to Bloomberg).
Launched on Nov. 12, Disney+ already has 10 million subscribers, according to Walt Disney.
Following reports earlier this week that thousands of Disney+ users had their accounts hacked and placed on the dark web, the company came out with a statement saying that it takes the privacy and security of users' data very seriously and there is no indication of a security breach on Disney+.