Walt Disney (DIS) has supplied the world with a number of iconic brands, including Pixar, its own animated shows and movies, ESPN, and even its iconic founder, Mr. Walt Disney himself. Yet under the leadership of CEO Bob Iger, the company has made itself into an intellectual property juggernaut, which may only be getting started.

Credit Suisse analyst Omar Sheikh initiated coverage on Disney with an outperform rating and a $130 price target, nearly 20% higher then where shares are currently trading, as the company has multiple catalysts ahead of it, including the launch of the next Star Wars movie, Star Wars: The Force Awakens, in December of this year.

"The valuation is at 10-year highs, but we see the multiple as being well supported by improving returns and strong earnings momentum," Sheikh wrote in a note.

Disney, which beat analysts expectations when it reported fiscal second-quarter earnings in early May, has been busy adding brands, such as Star Wars, in recent years to augment its already near impenetrable force of intellectual property assets.

In 2009, Disney bought Marvel Studios and as a result, has catapulted the comic book movie genre into overdrive, thanks to movies like Iron Man 3, Marvel's The Avengers, The Avengers: Age of Ultron, all of which did well over $1 billion at the global box office.

Though Sheikh is cautious about Disney's valuation, valuing it at 21.5 times 2016 earnings, he believes in the power of the box office. "We believe the multiple will be supported by the strength of the movie slate, including the first Star Wars sequel in 2015, and the launch of Shanghai Disney in the first half of 2016," Sheikh penned in the note.

There is significant hype surrounding the Star Wars movie, slated for Dec. 17, directed by J.J. Abrams. A look on YouTube shows the second trailer has been viewed more than 53 million times. It's figures like this that have helped Disney become beloved on Wall Street, including recently being named one of Morgan Stanley's 10 consumer stocks to buy.

Disney purchased LucasFilm, which owns the rights to Star Wars and Indiana Jones for $4 billion in 2012.

In addition to the company's vast film assets, it also offers the single best entity on television -- ESPN.

Thanks to sports, which are often "must-see" events and are better watched live than on-demand, ESPN and Disney are able to command higher advertising rates then most channels and collect nearly $6 per subscriber from the cable companies for its content, the highest of any pay channel. "ESPN has the strongest sports rights portfolio in the industry, with contracts locked in until 2021-25, and therefore, it retains significant pricing power with distributors," Sheikh wrote in the note.

Thanks its film slate, the strength of ESPN, the company's upcoming launch of Shanghai Disney, to go along with its other theme parks (Disneyland, Disney World and Euro Disney), shareholders may continue to be rewarded and be on the right side of "the Force."

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.