Needham analyst Laura Martin reaffirms her Buy rating for Disney, citing strong direct-to-consumer (DTC) growth, strategic partnerships, and a robust content library. Martin expects Disney to reach DTC breakeven in 2024 and projects significant subscriber growth, driven by new deals with Charter Communications and the success of Disney+ content. She also highlights Disney’s strategic investments in areas like gaming (Epic Games) and its focus on building capacity for future growth in its parks. While revising her estimates for the fourth quarter, Martin remains bullish on Disney’s long-term prospects.