Walt Disney Company (DIS) shares are down 0.22% to $112.175 in pre-market trading as of 9:00 AM on November 20, 2024. The stock's movement comes as investors digest recent price target upgrades following the company's solid earnings report. One Reddit user on r/DisneyStocks expressed optimism, stating, "A lot of upgrades after the earnings. It was a solid earnings all things considered." The same user speculated on potential cost-sharing agreements, saying, "I have this feeling that for streaming cost (in terms of servers) there is some kind of agreement to share cost with hbo max." Despite the positive sentiment surrounding Disney's financial performance, some Reddit users raised concerns about the company's recent $1.5 billion investment in Epic Games and its alleged backing of a senator criticizing Steam. One user commented, "Disney just sucks! Its failing so hard and in debt and now trying to hit gamers on top of that." However, another user countered this view, pointing out, "Disney has a net gross profit of like 24b. They make most there money through mechandise and every companies in debt." The discussion also touched on the potential motivations behind Disney's moves, with one user suggesting, "Disney doesn't give two shits about games and something like steam. They only care about their IPs and licensing it out like they did with EA and now their characters in Fortnite."