• It's starting to look more likely
  • RBC Capital Markets analyst Steven Cahall told Business Insider.
  • Comcast has the balance sheet strength to raise Disney on its latest bid.
  • But one strategy from Disney could allow it to ultimately win out.
  • Watch

Wall Street is warming up to the idea that the bidding war for 21st Century Fox assets isn't over just yet.

"I do think that it's likely," RBC Capital Markets analyst Steven Cahall told Business Insider, referring to the chances Comcast makes another bid for 21st Century Fox assets.

In late June, Disneyagreed to a deal that values 21st Century Fox's assets, at $71.3 billion.

"If the stock price starts going down, it shows that investors are worried about the company overpaying," Cahall told Business Insider in regards to Disney's stock price.