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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:

Paramount Global (NASDAQ:PARA) is the top entertainment stock with a Zen Score of 41, which is 20 points higher than the entertainment industry average of 21. It passed 13 out of 38 due diligence checks and has strong fundamentals. Paramount Global has seen its stock lose -40.99% over the past year, underperforming other entertainment stocks by -18 percentage points.

Paramount Global has an average 1 year price target of $20.50, a downside of -8.11% from Paramount Global's current stock price of $22.31.

Paramount Global stock has a consensus Sell recommendation according to Wall Street analysts. Of the 12 analysts covering Paramount Global, 16.67% have issued a Strong Buy rating, 16.67% have issued a Buy, 8.33% have issued a hold, while 8.33% have issued a Sell rating, and 50% have issued a Strong Sell.

Curiositystream (NASDAQ:CURI) is the second best entertainment stock with a Zen Score of 39, which is 18 points higher than the entertainment industry average of 21. It passed 12 out of 33 due diligence checks and has average fundamentals. Curiositystream has seen its stock lose -53.45% over the past year, underperforming other entertainment stocks by -30 percentage points.

Curiositystream has an average 1 year price target of $3.00, an upside of 122.22% from Curiositystream's current stock price of $1.35.

Curiositystream stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Curiositystream, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Netflix (NASDAQ:NFLX) is the third best entertainment stock with a Zen Score of 38, which is 17 points higher than the entertainment industry average of 21. It passed 13 out of 33 due diligence checks and has average fundamentals. Netflix has seen its stock lose -7.77% over the past year, overperforming other entertainment stocks by 16 percentage points.

Netflix has an average 1 year price target of $338.80, a downside of -1.93% from Netflix's current stock price of $345.48.

Netflix stock has a consensus Buy recommendation according to Wall Street analysts. Of the 30 analysts covering Netflix, 30% have issued a Strong Buy rating, 23.33% have issued a Buy, 33.33% have issued a hold, while 0% have issued a Sell rating, and 13.33% 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 4.3%, which is 2 percentage points higher than the entertainment industry average of 2.05%. 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 3.59%, which is 2 percentage points higher than the entertainment industry average of 2.05%.

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 2.85%, which is 1 percentage points higher than the entertainment industry average of 2.05%. 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 up 2.07% in the last day, and up 5.29% over the last week. Roku was the among the top gainers in the entertainment industry, gaining 6.82% yesterday.

Roku shares are trading higher as the stock rebounds after recently falling following the company's restructuring announcement.

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 -70.52% in the past year. It has underperformed other stocks in the entertainment industry by -47 percentage points.

Liberty Global (NASDAQ:LBTYA) is the second most undervalued entertainment stock based on WallStreetZen's Valuation Score. Liberty Global has a valuation score of 57, which is 35 points higher than the entertainment industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Liberty Global's stock has dropped -23.56% in the past year. It has performed in line with other stocks in the entertainment industry.

Liberty Broadband (NASDAQ:LBRDA) is the third most undervalued entertainment stock based on WallStreetZen's Valuation Score. Liberty Broadband has a valuation score of 57, which is 35 points higher than the entertainment industry average of 22. It passed 4 out of 7 valuation due diligence checks.

Liberty Broadband's stock has dropped -37.34% in the past year. It has underperformed other stocks in the entertainment industry by -14 percentage points.