Why (And When) Disney Stock Is Headed To $300 Per Share

Walt Disney Co (NYSE: DIS) is trading slightly higher Wednesday ahead of its scheduled earnings report this week.

Two to three years from now, Disney will be trading at $300 per share, Cerity Partners' Jim Lebenthal said on CNBC's "Fast Money Halftime Report."

See Also: Disney Seeks Confidential Arbitration For Settling Scarlett Johansson's 'Black Widow' Salary Lawsuit

With the theme parks and studios reopening, Disney's stock should have some upside ahead, according to Lebenthal.

Disney+ streaming numbers have been great, he said, adding that he expects the numbers to continue to grow moving forward.

"Give it two to three years to get to $300," Lebenthal said.

Disney is set to announce its fiscal third-quarter 2021 financial results after the market closes Thursday.

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

At last check Wednesday, Disney was up 0.43% at $177.83.

See also: How to Buy Disney Stock