There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers | Rosenblatt Securities analyst Bernie McTernan estimates Disney Plus could hit 35 million subsribers by the end of 2020.

There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers

There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers

There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers

There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers

There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers

There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers
There’s a new biggest Disney bull on Wall Street as analyst triples estimate for Disney Plus subscribers
  • By: businessinsider.sg
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Marvel Studios

  • Disney scored a Wall Street-high price target late Monday after Rosenblatt analyst Bernie McTernan boosted his expectations for global Disney Plus subscribers.
  • McTernan raised his price target for the media conglomerate to $175, up from $170 and about $20 higher than average projection from Wall Street analysts, according to Bloomberg data.
  • The bump was accompanied by McTernan raising his expectations for Disney Plus subscribers to 35 million by the end of 2020, up from a prior estimate of 10 million.
  • Watch Disney trade live on Markets Insider.

Disney has a new biggest bull on Wall Street.

Rosenblatt Securities analyst Bernie McTernan raised his price target for the media conglomerate to $175, from $170. The figure is the highest out of any major analyst covering the stock and about $20 above the average price target, according to data compiled by Bloomberg.

McTernan backed up his new price target by more than tripling his near-term forecast for global Disney Plus subscribers to 35 million by the end of 2020, up from a prior estimate of 10 million.

The graph below depicts the significant difference between McTernan’s prior and updated estimates for Disney’s streaming subscribers.

Rosenblatt Securities, Disney Plus subscribers

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Rosenblatt Securities

“The key question facing Disney shares is where do subscribers go from here,” McTernan wrote in a note to clients late Monday. “We believe 15-20M subscribers is a reasonable estimate for Disney+ currently.”

Based on the new estimates, McTernan also accelerated his long-term timeline for Disney to hit its 60 million to 90 million guidance range for streaming customers. He now expects the company to enter that range by the end of 2022, two years earlier than a previous prediction of 2024.

Rosenblatt also administered its own streaming video survey to assess awareness and interest in new platforms. According to the most recent reading from over the weekend, 84% of respondents were aware of Disney Plus,compared to 63% from a prior survey on October 27th.

According to McTernan, Disney Plus’s international rollout will be a key driver for subscribers in the short-term, as well as potential promotions during the upcoming holiday season.

Disney’s stock price spiked as much as 6.5% last week after the company announced its new streaming platform exceeded 10 million sign-ups less than 48 hours after launch. It’s still unclear how many sign-ups were free trials compared to paying subscribers.

Shares of Disney are up about 36% year-to-date.

Disney stock

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Markets Insider

18 restaurants that will be open on Thanksgiving

18 restaurants that will be open on Thanksgiving

If you're in a pinch this year, know that you have other options.
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If you’re in a pinch this year, know that you have other options.
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Hollis Johnson

Agonizing over the prospect of cooking a Thanksgiving meal? No worries. There are a number of restaurants that’ll throw you a Thanksgiving feast in a pinch.

Keep in mind that some of these chains will only be open on a regional basis. Others may be closed depending on the franchisee. So, if you’re planning on spending Turkey Day at one of these eateries, it’s better to be safe and call ahead.

With that in mind, here are restaurant chains that are going to be open in some capacity on Thanksgiving:


Applebee’s

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Hollis Johnson/Business Insider

An Applebee’s spokesperson told Business Insider that some of its restaurants nationwide will be open on Thanksgiving, and that interested diners should contact their local Applebee’s for hours.


Bob Evans

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Mike M./Foursquare

All Bob Evans restaurants will remain open until 8 p.m. on Thanksgiving and will offer a specialized holiday menu, a spokesperson said in a statement to Business Insider.


Boston Market

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Irene Jiang / Business Insider

A spokesperson confirmed to Business Insider that all Boston Market locations will remain open on Thanksgiving, and that online delivery will be available from the chain restaurant’s website throughout the day.


Buca Di Deppo

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Yext Y./Foursquare

Fans of Buca Di Beppo can order from a prix fixe Turkey Day menu at multiple locations. Diners on the go can also pick up a take-out Thanksgiving feast.


Cracker Barrel

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Hollis Johnson

Cracker Barrel has opened its doors on Thanksgiving since its 1969 founding, according to a statement from a chain spokesperson. To celebrate Turkey Day, the restaurant chain will serve an in-store Thanksgiving dinner from 11 a.m. to close, and take-out feasts will also be available for pick-up.


Del Frisco’s Double Eagle Steakhouse

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J. Carlos G./Foursquare

A chain spokesperson told Business Insider that Del Frisco’s Double Eagle Steakhouse will remain open on Thanksgiving, serving a prix fixe menu and an all-day dinner.


Denny’s

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Irene Jiang / Business Insider

Denny’s is open for business on Thanksgiving this year and will offer up a carry-out turkey dinner for diners as well. The take-out meal must be ordered on Denny’s website at least 24 hours before pickup, a restaurant spokesperson told Business Insider.


Fleming’s Prime Steakhouse & Wine Bar

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Tanisha R./Foursquare

Fleming’s Prime Steakhouse & Wine Bar will remain open from 11 a.m. to 8 p.m. on Thanksgiving, and it will be serving up meals from the full menu and a special three-course special.


Fogo de Chão

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Dan B./Foursquare

Craving Brazilian flavor this Thanksgiving? All Fogo de Chão restaurants will be open from 11 a.m. to 9 p.m.


Hooters

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Irene Jiang / Business Insider

A Hooters spokesperson told Business Insider that certain participating locations will be open on Thanksgiving and that interested diners should contact their local Hooters for more information.


Morton’s The Steakhouse

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Yext Y./Foursquare

A Morton’s spokesperson confirmed to Business Insider that the steakhouse chain will indeed remain open on Thanksgiving, kicking off its steak dinner service at noon.


Romano’s Macaroni Grill

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Jessica V./Foursquare

Romano’s Macaroni Grill restaurants will all remain open from 11 a.m. to 9 p.m. on Thanksgiving to serve a full regular menu and a prix fixe Turkey Day feast.


Smith & Wollensky

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Maria L./Foursquare

A spokesperson confirmed that Smith & Wollensky locations throughout the United States will remain open on Thanksgiving to serve guests a prix fixe offering.


STK Steakhouse

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RASHID/Foursquare

STK Steakhouse locations across the United States will be open from noon to 10 p.m. on Turkey Day, serving a full menu as well as a Thanksgiving special. The only two exceptions are the STK Steakhouse in Orlando, which will be open from 11 a.m. to midnight, and the chain’s Las Vegas location, which will open its doors from noon to 11 p.m.


Sullivan’s Steakhouse

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Pat B./Foursquare

Sullivan’s Steakhouse restaurants will open their doors from 11 a.m. to 9 p.m. on Thanksgiving, allowing guests to partake in a three-course prix fixe menu.


Starbucks

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Irene Jiang / Business Insider

A Starbucks spokesperson confirmed to Business Insider that “select store locations” will remain open on Thanksgiving, but that store hours will vary by location.


Tony Roma’s

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Tony Manager R. / Foursquare

For those looking to swap turkey for rib, multiple Tony Roma’s restaurants acros the US will remain open on Thanksgiving.

A restaurant representative said that hours will vary by location.


Waffle House

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Hollis Johnson

Barring specific emergencies, Waffle House restaurants have been known to remain open 24 hours a day on every single day of the year since the breakfast chain’s 1955 founding. Thanksgiving 2019 will be no exception.

First Lady Melania Trump was completely caught off-guard by Trump’s surprise Saturday visit to Walter Reed Medical Center, Trump claimed

First Lady Melania Trump was completely caught off-guard by Trump’s surprise Saturday visit to Walter Reed Medical Center, Trump claimed

U.S President Donald Trump, kisses U.S. first lady Melania during an arrival ceremony for French President Emmanuel Macron, French first lady Brigitte Macron, at the White House April 24, 2018 in Washington, DC.
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U.S President Donald Trump, kisses U.S. first lady Melania during an arrival ceremony for French President Emmanuel Macron, French first lady Brigitte Macron, at the White House April 24, 2018 in Washington, DC.
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Getty Images/Mark Wilson

  • President Donald Trump said his wife, First Lady Melania Trump, was completely caught off-guard by his surprise Saturday visit to Walter Reed Medical Center and wondered if he had a heart attack.
  • “My wife said, ‘Darling are you okay? What’s wrong? Oh, they’re reporting you may have had a heart attack.’ I said, ‘Why did I have a heart attack?’ ‘Because you went to Walter Reed Medical Center,'” Trump recounted at his Tuesday cabinet meeting.
  • On Saturday, White House press secretary Stephanie Grisham said Trump “decided to go to Walter Reed and kind of get a head start with some routine checkups as part of his annual exam.”
  • In his Tuesday remarks, Trump blasted the media for speculating about the unscheduled Walter Reed visit and denounced them as “dangerous” and “corrupt” for raising questions.
  • Visit Business Insider’s homepage for more stories.

In remarks at his Tuesday cabinet meeting, President Donald Trump said his wife, First Lady Melania Trump, was completely caught off-guard by his surprise Saturday visit to Walter Reed Medical Center and wondered if he was OK.

“I went for a physical, and I came back. My wife said, ‘Darling are you okay? What’s wrong? Oh, they’re reporting you may have had a heart attack.’ I said, ‘Why did I have a heart attack?’ ‘Because you went to Walter Reed Medical Center,’ that’s where we go when we get the physicals,” Trump said at the cabinet meeting.

On Saturday, Trump made a mysterious, unplanned trip to Walter Reed hospital, a military hospital in Bethesda, Maryland.

“Visited a great family of a young man under major surgery at the amazing Walter Reed Medical Center. Those are truly some of the best doctors anywhere in the world. Also began phase one of my yearly physical. Everything very good (great!). Will complete next year,” Trump tweeted on Saturday.

That day on Fox News, White House press secretary Stephanie Grisham said Trump had “a really busy year ahead” so he “decided to go to Walter Reed and kind of get a head start with some routine checkups as part of his annual exam.”

Grisham’s statement immediately raised questions and doubts, given that the White House has an advanced medical staff on its premises to deal with any health issues that come up, and routine physical check-ups usually just take one visit, and are not done in parts.

In his Tuesday remarks, Trump blasted the media for speculating about the unscheduled Walter Reed visit and denounced them as “dangerous” and “corrupt” for raising questions.

“I was greeted with the news that I had a heart attack, I was greeted by our people in PR that I had a heart attack…these people are sick,” he said of the media. “The press really, in this country, is dangerous. We don’t have freedom of speech in this country, we have the opposite. We have a very corrupt media, and I hope they can get their act together.”

Read more:

Trump made an unscheduled trip to a hospital for what the White House says was part of his annual physical

Trump says after Rep. Steve Scalise got shot his wife ‘cried her eyes out,’ joking ‘not many wives would react that way … I know mine wouldn’t’

Trump reportedly shelved a ban on flavored e-cigarettes to avoid angering voters

Marc Benioff gave a protester who interrupted his speech 30 seconds to talk, with a giant countdown clock displayed on the conference screen, ‘because I value free speech’

Marc Benioff gave a protester who interrupted his speech 30 seconds to talk, with a giant countdown clock displayed on the conference screen, ‘because I value free speech’

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Robert Galbraith/Reuters

Three protesters disrupted Salesforce’s largest conference on Tuesday over the company’s contract with the US Customs and Border Protection agency.

While Salesforce co-CEO Marc Benioff was speaking at Dreamforce, Salesforce’s annual conference in San Francisco, one protester interrupted and spoke about the controversial contract.

Benioff has been outspoken about progressive causes, but the company’s contract with CBP has been controversial both with employees and outside the company. In a previous interview, Benioff said he struggled with the decision to work with CBP, but ultimately the company decided to keep the contract.

Onstage, Benioff said that the protester would have 30 seconds to talk before having to leave. A 30-second timer was then displayed on the giant screen. After time was up, security escorted the protester out of the keynote.

Benioff then told the crowd that he let the protester speak because he believes in free speech.

“I let him stop the program and speak for 30 seconds because I value free speech in this country,” Benioff said onstage.

Later during the keynote, two more protesters interrupted.

“We heard from your group and we will be happy to have a further conversation with you,” Benioff said onstage to a protester. “We will be happy to give you other opportunities to speak, thank you very much.”

Last year, over 650 Salesforce employees wrote a letter to Benioff criticizing the company’s work with CBP at a time when families are being separated at the border. Activists have also demonstrated outside Salesforce tower. When Salesforce donated $250,000 to the immigration non-profit called The Refugee and Immigrant Center for Education and Legal Services, the group rejected it and demanded that Salesforce cancel the contract.

Salesforce isn’t the only company under fire for its work with immigration government agencies. Amazon, Palantir, Microsoft, and GitHub have also faced protests over business with Immigration and Customs Enforcement.

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