Disney+ must succeed for the sake of the stock, investor says ahead of earnings

One investor is looking farther out than Disney's fourth quarter for proof of execution, however.

While Tepper acknowledged that Disney's current level — $131.27, as of Wednesday's close — was a "great" entry point for buyers and at the "low end" of his firm's fair-value range for the stock, Disney+ will be key in determining where the stock goes from here.

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