Goldman starts Disney with buy rating, predicting big Disney+ subs and full parks recovery

In this handout photo provided by Walt Disney World Resort, guests stop to take a selfie at Magic Kingdom Park at Walt Disney World Resort on July 11, 2020 in Lake Buena Vista, Florida.
Matt Stroshane | Walt Disney World Resort | Getty Images

(This story is for CNBC Pro subscribers only.)

Goldman Sachs is getting behind media giant Disney, betting its streaming service numbers will top expectations and its theme parks will return to normal following the pandemic. 

The Wall Street firm initiated coverage of Disney with a buy rating and a $137 per share price target, which is more than 14% upside from the stock's Friday close. The call sent Disney's stock up about 1% in premarket trading on Monday. 

More In Street Calls

CNBC ProHere are Friday's biggest analyst calls of the day: Tesla, Costco, GE, Plug Power, Facebook & more
CNBC ProJPMorgan predicts this under-the-radar streaming stock could rally more than 30%
CNBC ProUBS slashes FedEx earnings estimates, citing tight labor market, rising wages