Credit Suisse raises Disney price target, subscriber estimates after strong Disney+ debut

In this photo illustration, the Disney + logo is displayed on the screen of an Apple MacBook Pro computer on November 08, 2019 in Paris, France.
Chesnot | Getty Images

Credit Suisse raised its outlook for Disney shares after the company released the "remarkable" first-day numbers for its new Disney+ streaming service.

Disney shares jumped more than 7% to $148.76 after the company said it has more than 10 million customers for the new service.

More In Pro News and Analysis

CNBC ProThese tech stocks could be hit even harder if rates continue to rise, says Goldman Sachs
watch liveCNBC ProStock market live updates: Futures jumping, yields lower, Big Tech rebounding, Exxon gaining
CNBC ProHere are Monday's biggest analyst calls of the day: Micron, Berkshire Hathaway, DraftKings & more