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Best Entertainment Stocks to Buy Now (2022)

Top entertainment stocks in 2022 ranked by overall Zen Score. See the best entertainment stocks to buy now, according to analyst forecasts for the entertainment industry.

According to Zen Score, the 3 best entertainment stocks to buy right now are:

Netflix (NASDAQ:NFLX) is the top entertainment stock with a Zen Score of 66, which is 37 points higher than the entertainment industry average of 29. It passed 22 out of 33 due diligence checks and has strong fundamentals. Netflix has seen its stock lose -64.14% over the past year, underperforming other entertainment stocks by -23 percentage points.

Netflix has an average 1 year price target of $379.52, an upside of 110.45% from Netflix's current stock price of $180.34.

Netflix stock has a consensus Hold recommendation according to Wall Street analysts. Of the 36 analysts covering Netflix, 13.89% have issued a Strong Buy rating, 11.11% have issued a Buy, 63.89% have issued a hold, while 5.56% have issued a Sell rating, and 5.56% have issued a Strong Sell.

COMCAST (NASDAQ:CMCSA) is the second best entertainment stock with a Zen Score of 58, which is 29 points higher than the entertainment industry average of 29. It passed 21 out of 38 due diligence checks and has strong fundamentals. COMCAST has seen its stock lose -22.62% over the past year, overperforming other entertainment stocks by 19 percentage points.

COMCAST has an average 1 year price target of $56.00, an upside of 30.02% from COMCAST's current stock price of $43.07.

COMCAST stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering COMCAST, 25% have issued a Strong Buy rating, 25% have issued a Buy, 41.67% have issued a hold, while 0% have issued a Sell rating, and 8.33% have issued a Strong Sell.

PARAMOUNT GLOBAL (NASDAQ:PARA) is the third best entertainment stock with a Zen Score of 55, which is 26 points higher than the entertainment industry average of 29. It passed 19 out of 38 due diligence checks and has strong fundamentals. PARAMOUNT GLOBAL has seen its stock lose -23.45% over the past year, overperforming other entertainment stocks by 18 percentage points.

PARAMOUNT GLOBAL has an average 1 year price target of $41.10, an upside of 29.25% from PARAMOUNT GLOBAL's current stock price of $31.80.

PARAMOUNT GLOBAL stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering PARAMOUNT GLOBAL, 27.27% have issued a Strong Buy rating, 18.18% have issued a Buy, 45.45% have issued a hold, while 0% have issued a Sell rating, and 9.09% have issued a Strong Sell.

Out of 5 entertainment stocks that have issued dividends in the past year, the 3 entertainment stocks with the highest dividend yields are:

PARAMOUNT GLOBAL (NASDAQ:PARA) has an annual dividend yield of 3.02%, which is 1 percentage points higher than the entertainment industry average of 1.93%. PARAMOUNT GLOBAL's dividend payout is stable, having never dropped by more than 10% in the last 10 years. PARAMOUNT GLOBAL's dividend has shown consistent growth over the last 10 years.

PARAMOUNT GLOBAL's dividend payout ratio of 15.5% indicates that its dividend yield is sustainable for the long-term.

COMCAST (NASDAQ:CMCSA) has an annual dividend yield of 2.37%, which is the same as the entertainment industry average of 1.93%. COMCAST's dividend payout is stable, having never dropped by more than 10% in the last 10 years. COMCAST's dividend has shown consistent growth over the last 10 years.

COMCAST's dividend payout ratio of 32.4% indicates that its dividend yield is sustainable for the long-term.

WARNER MUSIC GROUP (NASDAQ:WMG) has an annual dividend yield of 2.18%, which is the same as the entertainment industry average of 1.93%.

WARNER MUSIC GROUP's dividend payout ratio of 80.3% indicates that its dividend yield is sustainable for the long-term.

Entertainment stocks were down -2.41% in the last day, and down -2.45% over the last week. ANGHAMI was the among the top losers in the entertainment industry, dropping -15.55% yesterday.

Shares of several companies in the broader communications, media and entertainment industry are trading lower amid a continued selloff in stocks after Snap said the macro environment has deteriorated further and faster than anticipated. The sector has seen volatility due to broader market concerns around inflation and economic uncertainty.

Based on WallStreetZen's Valuation Score, the 3 most undervalued entertainment stocks right now are:

CHARTER COMMUNICATIONS (NASDAQ:CHTR) is the most undervalued entertainment stock based on WallStreetZen's Valuation Score. CHARTER COMMUNICATIONS has a valuation score of 71, which is 39 points higher than the entertainment industry average of 32. It passed 5 out of 7 valuation due diligence checks.

CHARTER COMMUNICATIONS's stock has dropped -31.87% in the past year. It has overperformed other stocks in the entertainment industry by 9 percentage points.

COMCAST (NASDAQ:CMCSA) is the second most undervalued entertainment stock based on WallStreetZen's Valuation Score. COMCAST has a valuation score of 71, which is 39 points higher than the entertainment industry average of 32. It passed 5 out of 7 valuation due diligence checks.

COMCAST's stock has dropped -22.62% in the past year. It has overperformed other stocks in the entertainment industry by 19 percentage points.

PARAMOUNT GLOBAL (NASDAQ:PARA) is the third most undervalued entertainment stock based on WallStreetZen's Valuation Score. PARAMOUNT GLOBAL has a valuation score of 71, which is 39 points higher than the entertainment industry average of 32. It passed 5 out of 7 valuation due diligence checks.

PARAMOUNT GLOBAL's stock has dropped -23.45% in the past year. It has overperformed other stocks in the entertainment industry by 18 percentage points.