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Best Entertainment Stocks to Buy Now (2024)

Top entertainment stocks in 2024 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 55, which is 34 points higher than the entertainment industry average of 21. It passed 19 out of 33 due diligence checks and has strong fundamentals. Netflix has seen its stock return 83.57% over the past year, overperforming other entertainment stocks by 62 percentage points.

Netflix has an average 1 year price target of $649.82, an upside of 5.39% from Netflix's current stock price of $616.59.

Netflix stock has a consensus Buy recommendation according to Wall Street analysts. Of the 28 analysts covering Netflix, 42.86% have issued a Strong Buy rating, 25% have issued a Buy, 28.57% have issued a hold, while 0% have issued a Sell rating, and 3.57% have issued a Strong Sell.

Endeavor Group Holdings (NYSE:EDR) is the second best entertainment stock with a Zen Score of 54, which is 33 points higher than the entertainment industry average of 21. It passed 18 out of 33 due diligence checks and has strong fundamentals. Endeavor Group Holdings has seen its stock return 9.46% over the past year, underperforming other entertainment stocks by -12 percentage points.

Endeavor Group Holdings has an average 1 year price target of $28.00, an upside of 5.7% from Endeavor Group Holdings's current stock price of $26.49.

Endeavor Group Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 8 analysts covering Endeavor Group Holdings, 0% have issued a Strong Buy rating, 25% have issued a Buy, 75% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Amc Networks (NASDAQ:AMCX) is the third best entertainment stock with a Zen Score of 42, which is 21 points higher than the entertainment industry average of 21. It passed 13 out of 33 due diligence checks and has strong fundamentals. Amc Networks has seen its stock return 6.35% over the past year, underperforming other entertainment stocks by -15 percentage points.

Amc Networks has an average 1 year price target of $11.00, a downside of -27.77% from Amc Networks's current stock price of $15.23.

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

Out of 7 entertainment stocks that have issued dividends in the past year, the 3 entertainment stocks with the highest dividend yields are:

Huya (NYSE:HUYA) has an annual dividend yield of 13.95%, which is 11 percentage points higher than the entertainment industry average of 2.89%.

Huya's dividend payout ratio of -681.7% indicates that its high dividend yield might not be sustainable for the long-term.

Sirius Xm Holdings (NASDAQ:SIRI) has an annual dividend yield of 3.31%, which is the same as the entertainment industry average of 2.89%. Sirius Xm Holdings's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Sirius Xm Holdings's dividend has shown consistent growth over the last 10 years.

Sirius Xm Holdings's dividend payout ratio of 30% indicates that its dividend yield is sustainable for the long-term.

Marcus (NYSE:MCS) has an annual dividend yield of 2.18%, which is -1 percentage points lower than the entertainment industry average of 2.89%. Marcus's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Marcus's dividend has not shown consistent growth over the last 10 years.

Marcus's dividend payout ratio of 65% indicates that its dividend yield is sustainable for the long-term.

Entertainment stocks were up 0.68% in the last day, and up 1.01% over the last week. Amc Entertainment was the among the top gainers in the entertainment industry, gaining 78.35% yesterday.

Shares of 'meme stocks' and high-short interest stocks are trading higher after retail investor Roaring Kitty made a return to social media on Monday via a post on X.

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

Nexstar Media Group (NASDAQ:NXST) is the most undervalued entertainment stock based on WallStreetZen's Valuation Score. Nexstar Media Group has a valuation score of 100, which is 81 points higher than the entertainment industry average of 19. It passed 7 out of 7 valuation due diligence checks.

Nexstar Media Group's stock has gained 7.9% in the past year. It has underperformed other stocks in the entertainment industry by -13 percentage points.

Sirius Xm Holdings (NASDAQ:SIRI) is the second most undervalued entertainment stock based on WallStreetZen's Valuation Score. Sirius Xm Holdings has a valuation score of 86, which is 67 points higher than the entertainment industry average of 19. It passed 6 out of 7 valuation due diligence checks.

Sirius Xm Holdings's stock has dropped -12.53% in the past year. It has underperformed other stocks in the entertainment industry by -34 percentage points.

Amc Networks (NASDAQ:AMCX) is the third most undervalued entertainment stock based on WallStreetZen's Valuation Score. Amc Networks has a valuation score of 71, which is 52 points higher than the entertainment industry average of 19. It passed 5 out of 7 valuation due diligence checks.

Amc Networks's stock has gained 6.35% in the past year. It has underperformed other stocks in the entertainment industry by -15 percentage points.