Sectors & IndustriesConsumer CyclicalEntertainment

Best Entertainment Stocks to Buy Now (2023)

Top entertainment stocks in 2023 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:

Curiositystream (NASDAQ:CURI) is the top entertainment stock with a Zen Score of 50, which is 25 points higher than the entertainment industry average of 25. It passed 16 out of 33 due diligence checks and has strong fundamentals. Curiositystream has seen its stock lose -62.18% over the past year, underperforming other entertainment stocks by -34 percentage points.

Curiositystream has an average 1 year price target of $5.25, an upside of 288.89% from Curiositystream's current stock price of $1.35.

Curiositystream stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Curiositystream, 40% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Netflix (NASDAQ:NFLX) is the second best entertainment stock with a Zen Score of 49, which is 24 points higher than the entertainment industry average of 25. It passed 17 out of 33 due diligence checks and has strong fundamentals. Netflix has seen its stock lose -18.28% over the past year, overperforming other entertainment stocks by 10 percentage points.

Netflix has an average 1 year price target of $333.11, an upside of 9.76% from Netflix's current stock price of $303.50.

Netflix stock has a consensus Buy recommendation according to Wall Street analysts. Of the 40 analysts covering Netflix, 27.5% have issued a Strong Buy rating, 20% have issued a Buy, 40% have issued a hold, while 2.5% have issued a Sell rating, and 10% have issued a Strong Sell.

Paramount Global (NASDAQ:PARA) is the third best entertainment stock with a Zen Score of 46, which is 21 points higher than the entertainment industry average of 25. It passed 15 out of 38 due diligence checks and has strong fundamentals. Paramount Global has seen its stock lose -46.57% over the past year, underperforming other entertainment stocks by -18 percentage points.

Paramount Global has an average 1 year price target of $22.41, an upside of 13.77% from Paramount Global's current stock price of $19.70.

Paramount Global stock has a consensus Sell recommendation according to Wall Street analysts. Of the 18 analysts covering Paramount Global, 16.67% have issued a Strong Buy rating, 11.11% have issued a Buy, 22.22% have issued a hold, while 11.11% have issued a Sell rating, and 38.89% 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 4.87%, which is 3 percentage points higher than the entertainment industry average of 2.23%. 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 59.6% indicates that its dividend yield is sustainable for the long-term.

Madison Square Garden Sports (NYSE:MSGS) has an annual dividend yield of 3.82%, which is 2 percentage points higher than the entertainment industry average of 2.23%.

Madison Square Garden Sports's dividend payout ratio of 311.1% indicates that its dividend yield might not be sustainable for the long-term.

Comcast (NASDAQ:CMCSA) has an annual dividend yield of 3%, which is 1 percentage points higher than the entertainment industry average of 2.23%. 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 88.5% indicates that its dividend yield is sustainable for the long-term.

Entertainment stocks were down -0.92% in the last day, and up 1.7% over the last week. Bowlero was the among the top losers in the entertainment industry, dropping -5.33% yesterday.

Shares of several companies in the broader consumer discretionary sector are trading lower amid overall market weakness as investors assess uncertainty in the financial services sector, which has been volatile following recent bank failures.

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

Dish Network (NASDAQ:DISH) is the most undervalued entertainment stock based on WallStreetZen's Valuation Score. Dish Network has a valuation score of 71, which is 49 points higher than the entertainment industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Dish Network's stock has dropped -71.06% in the past year. It has underperformed other stocks in the entertainment industry by -43 percentage points.

Charter Communications (NASDAQ:CHTR) is the second most undervalued entertainment stock based on WallStreetZen's Valuation Score. Charter Communications has a valuation score of 71, which is 49 points higher than the entertainment industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Charter Communications's stock has dropped -39.41% in the past year. It has underperformed other stocks in the entertainment industry by -11 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 49 points higher than the entertainment industry average of 22. It passed 5 out of 7 valuation due diligence checks.

Paramount Global's stock has dropped -46.57% in the past year. It has underperformed other stocks in the entertainment industry by -18 percentage points.