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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:

Comcast (NASDAQ:CMCSA) is the top entertainment stock with a Zen Score of 59, which is 29 points higher than the entertainment industry average of 30. It passed 21 out of 38 due diligence checks and has strong fundamentals. Comcast has seen its stock lose -43.31% over the past year, overperforming other entertainment stocks by 9 percentage points.

Comcast has an average 1 year price target of $47.69, an upside of 49.77% from Comcast's current stock price of $31.84.

Comcast stock has a consensus Buy recommendation according to Wall Street analysts. Of the 17 analysts covering Comcast, 23.53% have issued a Strong Buy rating, 17.65% have issued a Buy, 41.18% have issued a hold, while 11.76% have issued a Sell rating, and 5.88% have issued a Strong Sell.

Netflix (NASDAQ:NFLX) is the second best entertainment stock with a Zen Score of 53, which is 23 points higher than the entertainment industry average of 30. It passed 18 out of 33 due diligence checks and has strong fundamentals. Netflix has seen its stock lose -61.84% over the past year, underperforming other entertainment stocks by -10 percentage points.

Netflix has an average 1 year price target of $298.68, an upside of 31.92% from Netflix's current stock price of $226.41.

Netflix stock has a consensus Hold recommendation according to Wall Street analysts. Of the 41 analysts covering Netflix, 14.63% have issued a Strong Buy rating, 17.07% have issued a Buy, 53.66% have issued a hold, while 4.88% have issued a Sell rating, and 9.76% have issued a Strong Sell.

Allied Esports Entertainment (NASDAQ:AESE) is the third best entertainment stock with a Zen Score of 53, which is 23 points higher than the entertainment industry average of 30. It passed 16 out of 33 due diligence checks and has strong fundamentals. Allied Esports Entertainment has seen its stock lose -31.82% over the past year, overperforming other entertainment stocks by 20 percentage points.

Allied Esports Entertainment stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Allied Esports Entertainment, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Out of 6 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 4.76%, which is 3 percentage points higher than the entertainment industry average of 2.16%. 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 18.3% indicates that its dividend yield is sustainable for the long-term.

Comcast (NASDAQ:CMCSA) has an annual dividend yield of 3.27%, which is 1 percentage points higher than the entertainment industry average of 2.16%. 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 33.5% indicates that its dividend yield is sustainable for the long-term.

Warner Music Group (NASDAQ:WMG) has an annual dividend yield of 2.44%, which is the same as the entertainment industry average of 2.16%.

Warner Music Group's dividend payout ratio of 72.3% indicates that its dividend yield is sustainable for the long-term.

Entertainment stocks were down -2.81% in the last day, and down -9.84% over the last week. Netflix was the among the top losers in the entertainment industry, dropping -4.49% yesterday.

Shares of several companies in the broader communications, media and entertainment industry are trading lower amid raised fears of an economic slowdown as investors continue to assess Wednesday's Fed commentary and 75 bps rate hike. An economic slowdown could negatively impact consumer spending.

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

Liberty Global (NASDAQ:LBTYA) is the most undervalued entertainment stock based on WallStreetZen's Valuation Score. Liberty Global has a valuation score of 86, which is 54 points higher than the entertainment industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Liberty Global's stock has dropped -44.26% in the past year. It has overperformed other stocks in the entertainment industry by 8 percentage points.

Comcast (NASDAQ:CMCSA) is the second most undervalued entertainment stock based on WallStreetZen's Valuation Score. Comcast has a valuation score of 86, which is 54 points higher than the entertainment industry average of 32. It passed 6 out of 7 valuation due diligence checks.

Comcast's stock has dropped -43.31% in the past year. It has overperformed other stocks in the entertainment industry by 9 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 -49.65% in the past year. It has overperformed other stocks in the entertainment industry by 3 percentage points.