Is Now The Right Time To Buy Disney Stock? These Investors Think So

Walt Disney Co DIS was featured as the call of the day Friday on CNBC's "Fast Money Halftime Report."

What Happened: Deutsche Bank analyst Bryan Kraft maintains a Buy rating on the stock and lowered the price target from $213 to $200.

The analyst noted Disney remains a very attractive long-term holding.

Snipe's Take: Odyssey Capital Advisors' Jason Snipe told CNBC he recently bought Disney stock as it has underperformed the market this year. Disney is down 1.64% year-to-date.

The company has done an excellent job in restructuring its debt and Disney has been "on the offensive" since the COVID-19 pandemic began, Snipe said. There is upside for Disney's stock in multiple categories including, advertising, theme parks and streaming.

See Also: Thinking About Buying Stock Or Options In Disney, Blink Charging Or Dave & Buster's?

Lebenthal's Take: Cerity Partners' Jim Lebenthal told CNBC he owns Disney stock and he is sticking with it.

Disney is going through a consolidation period following a 70% surge to the upside that began at the end of October, he said, adding that consolidation is normal following a move of such magnitude.

Following the consolidation period, Lebenthal expects the stock to break out to the upside. Disney offers a buying opportunity at current levels.

"If you don't own Disney, this is exactly the time," he said.

DIS Price Action: Disney has traded as high as $203.02 and as low as $117.23 over a 52-week period.

The stock was up 0.92% at $178.18 at the time of publication.