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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 51, which is 31 points higher than the entertainment industry average of 20. It passed 18 out of 33 due diligence checks and has strong fundamentals. Netflix has seen its stock return 77.77% over the past year, overperforming other entertainment stocks by 51 percentage points.

Netflix has an average 1 year price target of $710.37, an upside of 0.86% from Netflix's current stock price of $704.32.

Netflix stock has a consensus Buy recommendation according to Wall Street analysts. Of the 27 analysts covering Netflix, 48.15% have issued a Strong Buy rating, 22.22% have issued a Buy, 25.93% have issued a hold, while 0% have issued a Sell rating, and 3.7% have issued a Strong Sell.

Core & Main (NYSE:CNM) is the second best entertainment stock with a Zen Score of 42, which is 22 points higher than the entertainment industry average of 20. It passed 14 out of 33 due diligence checks and has strong fundamentals. Core & Main has seen its stock return 57.28% over the past year, overperforming other entertainment stocks by 30 percentage points.

Core & Main has an average 1 year price target of $49.44, an upside of 10.34% from Core & Main's current stock price of $44.81.

Core & Main stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Core & Main, 33.33% have issued a Strong Buy rating, 22.22% have issued a Buy, 33.33% have issued a hold, while 11.11% 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 40, which is 20 points higher than the entertainment industry average of 20. It passed 12 out of 33 due diligence checks and has average fundamentals. Amc Networks has seen its stock lose -22.96% over the past year, underperforming other entertainment stocks by -50 percentage points.

Amc Networks has an average 1 year price target of $8.00, a downside of -10.01% from Amc Networks's current stock price of $8.89.

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

Liberty Media (NASDAQ:FWONA) has an annual dividend yield of N/A, which is N/A percentage points lower than the entertainment industry average of 1.65%.

Tko Group Holdings (NYSE:TKO) has an annual dividend yield of N/A, which is N/A percentage points lower than the entertainment industry average of 1.65%.

Tko Group Holdings's dividend payout ratio of -414.6% indicates that its dividend yield might not be sustainable for the long-term.

Sirius Xm Holdings (NASDAQ:SIRI) has an annual dividend yield of 4.43%, which is 3 percentage points higher than the entertainment industry average of 1.65%. Sirius Xm Holdings's dividend payout is not stable, having dropped more than 10% two 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 30.6% indicates that its high dividend yield is sustainable for the long-term.

Entertainment stocks were up 1.36% in the last day, and up 3.7% over the last week. Dave & Buster's Entertainment was the among the top gainers in the entertainment industry, gaining 2.33% yesterday.

Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

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 85 points higher than the entertainment industry average of 15. It passed 7 out of 7 valuation due diligence checks.

Nexstar Media Group's stock has gained 11.05% in the past year. It has underperformed other stocks in the entertainment industry by -16 percentage points.

Fox (NASDAQ:FOXA) is the second most undervalued entertainment stock based on WallStreetZen's Valuation Score. Fox has a valuation score of 71, which is 56 points higher than the entertainment industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Fox's stock has gained 26.15% in the past year. It has underperformed other stocks in the entertainment industry by -1 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 56 points higher than the entertainment industry average of 15. It passed 5 out of 7 valuation due diligence checks.

Amc Networks's stock has dropped -22.96% in the past year. It has underperformed other stocks in the entertainment industry by -50 percentage points.