The movie, “Zootopia” set a new March record for an animated film and a new record for the Disney (DIS) Animation Studio after grossing $74M domestically in its opening weekend, Piper Jaffray analyst Stan Meyers tells investors in a research note.

The analyst expects the film to top $220M in box office sales domestically, ahead of his $180M estimate. Meyers believes Disney’s “robust film slate” will drive “significant value” and he remains a buyer of the shares. He reiterates an Overweight rating on the name with a $120 price target. Disney closed Friday down 36c to $98.46.