The selloff in Walt Disney shares after the release of its latest earnings on Tuesday was "overdone," according to Barclays, which is bullish on the company's streaming results.
Shares tumbled nearly 10% Tuesday after Disney missed revenue estimates for a fourth quarter in a row.
DIS 1Y mountain Disney shares over the past 12 months.
He said he is optimistic about Disney's streaming segment results.
Down the line, Disney's streaming margins could potentially top those of Netflix, he added.
Persons:
Kannan Venkateshwar, Venkateshwar, — CNBC's Michael Bloom
Organizations:
Walt Disney, Barclays, Disney, DIS, Netflix, Comcast, Hulu
Locations:
India