In this article, we will look at the 12 Best Communication and Media Stocks to Buy Now.
On July 24, PWC released its US edition of Global Entertainment and Media Outlook for 2025-2029. According to the report, the Global Entertainment and Media (M&E) industry is likely to be a $3.5 trillion market by 2029. The growth is expected to be driven by developments and utilization of AI in various segments of the industry, including the over-the-top (OTT) Video, mixed reality, and internet advertising.
The report highlights that the US AI industry is transforming the M&E sector as AI moves from experimentation mode to widespread utilization and adoption. According to the report, the investment in generative AI within the M&E sector reached $56 billion in 2024. This was primarily to leverage the speed, scale, and creative potential of AI. The report highlights that while AI is currently only being used at an operational scale within the sector, companies are expected to work on unlocking new revenue streams using the technology.
The report also noted that the US OTT Video segment is expected to grow at a Compound Annual Growth Rate of 5.9% to reach $112.7 billion by 2029, with the United States maintaining its leadership position. Moreover, the US advertising market, which grew by 14.9% year-over-year in 2024, is expected to grow at a CAGR of 8.5% to $389.1 billion by 2029.
Now that we have discussed the outlook of the sector, let’s take a look at the 12 Best Communication and Media Stocks to Buy Now.
Our Methodology
To curate the list of 12 Best Communication and Media Stocks to Buy Now, we used the Finviz and Stock Analysis stock screeners, CNN, WSJ, and Insider Monkey’s Q2 2025 hedge funds database as our sources. Using the screeners, we aggregated a list of Communication and Media stocks with more than 10% upside potential and sorted them by market capitalization. Next, we cross-checked the upside of each stock from CNN and the market capitalization from the WSJ, and ranked the stocks in ascending order by market cap. We have also added the hedge fund sentiment around each stock sourced from Insider Monkey. Please note that the data was recorded on November 19, 2025.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
12 Best Communication and Media Stocks to Buy Now
12. Roblox Corporation (NYSE:RBLX)
Market Capitalization: $71.41 billion
Analyst Upside: 47.45%
Number of Hedge Fund Holders: 75
Roblox Corporation (NYSE:RBLX) is one of the Best Communication and Media Stocks to Buy Now. On November 18, Roblox Corporation (NYSE:RBLX) announced the expansion of facial age checks for communication. Management noted that it is in the process of rolling out new age-based chat with the aim of limiting conversations within similar age groups.
Following the rollout, Roblox Corporation (NYSE:RBLX) will become the first online gaming platform with an age check requirement for communication. Management expressed hope that this feature will become an industry standard moving forward. This announcement comes after the company faced criticism from government officials around the world over alleged failure to protect young users from child predators and sexual exploitation. Roblox Corporation (NYSE:RBLX) is also facing lawsuits from attorneys general in Kentucky, Texas, and Louisiana over child safety concerns.
The new feature will require users to take and upload a selfie, which will be used to determine the age. Once the age has been determined, the users will be allocated to communication channels designated for the relevant age group. Matt Kaufman, the company’s head of safety, said,
“Policymakers struggle with a lot of companies who say ‘that’s just too hard. We couldn’t do it, Roblox is trying to set an example of what others can follow.”
In addition, Wall Street has a positive outlook on the stock. On November 17, Cory Carpenter from J.P. Morgan reiterated a Buy rating on Roblox Corporation (NYSE:RBLX) without disclosing any price target. Earlier on November 12, Matthew Cost from Morgan Stanley had also maintained a Buy rating on the stock with a price target of $170.
Roblox Corporation (NYSE:RBLX) operates a user-generated online gaming platform where users can create, share, and play 3D experiences made by a global community. The company’s free-to-play platform provides developers with tools to build games, such as Roblox Studio.
11. NetEase, Inc. (NASDAQ:NTES)
Market Capitalization: $84.81 billion
Analyst Upside: 14.95%
Number of Hedge Fund Holders: 35
NetEase, Inc. (NASDAQ:NTES) is one of the Best Communication and Media Stocks to Buy Now. On November 20, NetEase, Inc. (NASDAQ:NTES) announced results for its fiscal Q3 2025. The company grew its revenue by 8.2% year-over-year to RMB28.4 billion ($4.0 billion), which fell short of the analysts’ expectation of $4.10 billion. However, the EPS of $2.09 stayed in line with the consensus.
Management attributed revenue growth to Games and related value-added services net revenues, which contributed 97.6% to the total revenue and grew 11.8% year-over-year to RMB23.3 billion (US$3.3 billion). The growth in gaming revenue was mainly due to higher revenue from self-developed games, including Fantasy Westward Journey Online and Sword of Justice, as well as certain licensed games. Notably, NetEase, Inc.’s (NASDAQ:NTES) Fantasy Westward Journey Online reached a record concurrent player count for the fourth consecutive quarter, reaching 3.58 million in Q3 2025.
Earlier on November 11, UBS had maintained a Buy rating on NetEase, Inc. (NASDAQ:NTES) with a price target of HK$302.64.
NetEase, Inc. (NASDAQ:NTES) is a Chinese internet technology corporation that is primarily focused on gaming, education, music, and e-commerce. The company develops and operates a diverse portfolio of popular mobile and PC games for the Chinese market and international markets.
10. Comcast Corporation (NASDAQ:CMCSA)
Market Capitalization: $99.70 billion
Analyst Upside: 27.92%
Number of Hedge Fund Holders: 82
Comcast Corporation (NASDAQ:CMCSA) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Laurent Yoon from Bernstein reiterated a Hold rating on the stock with a $34 price target. However, earlier on November 13, Craig Moffet from Moffetnathonson had maintained a Buy rating on Comcast Corporation (NASDAQ:CMCSA), but lowered the price target from $58 to $53.
The ratings follow as the company is preparing for the first round of bids for Warner Bros Discovery and competes with Paramount Skydance, and Netflix. On November 13, The Wall Street Journal reported that Warner Bros Discovery had launched a formal auction with non-binding offers due by November 20, 2025.
According to the report, while Paramount intends to bid for the entire company, Comcast Corporation (NASDAQ:CMCSA) and Netflix are focused on Warner Bros film and television studios and the Max streaming platform. Along with the sale process, Warner Bros Discovery is also exploring the plan to split the company into two, with one dealing with the studio and streaming assets and the other catering to its cable networks. This allows the bidders to either bid for the full or a specific division of Warner Bros Discovery.
Comcast Corporation (NASDAQ:CMCSA) is a media and technology company that offers internet, cable TV, and phone services to both households and businesses.
9. Spotify Technology S.A. (NYSE:SPOT)
Market Capitalization: $129.09 billion
Analyst Upside: 19.04%
Number of Hedge Fund Holders: 111
Spotify Technology S.A. (NYSE:SPOT) is one of the Best Communication and Media Stocks to Buy Now. On November 17, James Heaney CFA from Jefferies reiterated a Buy rating on Spotify Technology S.A. (NYSE:SPOT) with a price target of $800. However, earlier on November 13, Jason Bazinet from Citi maintained a Hold rating on the stock with a $750 price target.
The ratings follow the introduction of a new Premium Platinum plan announced on November 13. The new tiers include Premium Lite, Premium Standard, and Premium Platinum for India, Indonesia, the United Arab Emirates, Saudi Arabia, and South Africa. Earlier, on August 4, Spotify Technology S.A. (NYSE:SPOT) had also raised its monthly premium subscription price to 11.99 euros per month from 10.99 euros in South Asia, the Middle East, Africa, Europe, Latin America, and the Asia-Pacific region.
Analysts believe that while the new pricing strategy might boost the company’s topline growth, the change is limited to only a small percentage of premium subscribers. In addition, the introduction of the new tiers also does not align with that anticipated ‘Superfan’ offering and reflects management’s strategic shift towards increasing average revenue per user (ARPU).
Management during the fiscal Q3 2025 earnings call noted forecasting a 13% revenue growth for Q4 along with a year-on-year ARPU growth of around 2%.
Spotify Technology S.A. (NYSE:SPOT) is a Swedish company that operates a global audio-streaming platform, offering music, podcasts, and audiobooks to users across subscription and ad-supported tiers.
8. Verizon Communications Inc. (NYSE:VZ)
Market Capitalization: $174.90 billion
Analyst Upside: 10.90%
Number of Hedge Fund Holders: 71
Verizon Communications Inc. (NYSE:VZ) is one of the Best Communication and Media Stocks to Buy Now. On November 18, analyst Laurent Yoon from Bernstein reiterated a Hold rating on Verizon Communications Inc. (NYSE:VZ) with a $46 price target.
The rating follows a report by Reuters released on November 13, which noted that the company’s new CEO is planning to cut 15,000 jobs. The report highlighted this layoff to be the largest ever in the company’s history. The layoff is anticipated to affect 15% of the company’s workforce and is expected to take place this week. Reuters sources noted that Verizon Communications Inc. (NYSE:VZ) will reduce its non-union management ranks by more than 20% and also plans to convert 180 retail stores into franchises.
Verizon Communications Inc. (NYSE:VZ) has been facing market pressure due to concerns regarding lower new customer additions. Moreover, competitors are offering cheaper plans, making the competition even tougher for the company. For instance, the company added only 44,000 monthly bill-paying wireless subscribers during fiscal Q3 2025, versus AT&T, which added more than 1 million net subscribers during the same time.
Verizon Communications Inc. (NYSE:VZ) is a holding company that offers communications and technology services through its subsidiaries.
7. AppLovin Corporation (NASDAQ:APP)
Market Capitalization: $177.77 billion
Analyst Upside: 33.08%
Number of Hedge Fund Holders: 109
AppLovin Corporation (NASDAQ:APP) is one of the Best Communication and Media Stocks to Buy Now. On November 13, Jason Bazinet from Citi reiterated a Buy rating on AppLovin Corporation (NASDAQ:APP) and lowered the price target on the stock from $850 to $820. A day earlier, on November 12, Paul Chew from Phillip Securities also reiterated a Buy rating on the stock with a price target of $750.
The positive outlook is backed by the company’s earnings beat during fiscal Q3 2025, announced on November 5. The company grew its revenue by 68% year-over-year to $1.41 billion, surpassing estimates by $62.88 million. Moreover, the EPS of $2.45 also topped estimates by $0.06. Management attributed revenue growth to model updates to its core gaming business. Notably, net income also grew by 92% year-over-year during the quarter to reach $836 million.
In addition, management noted that its advertising business continues to be on a solid growth trajectory, driven by AI-driven targeting and expansion beyond gaming. Looking ahead, AppLovin Corporation (NASDAQ:APP) expects Q4 2025 revenue in the range of $1.57 billion and $1.6 billion, with Adjusted EBITDA margins between 82% and 83%.
AppLovin Corporation (NASDAQ:APP) is an American technology company that offers end-to-end software and AI solutions for businesses of all sizes to reach, monetize, and grow their audiences.
6. AT&T Inc. (NYSE:T)
Market Capitalization: $181.49 billion
Analyst Upside: 21.09%
Number of Hedge Fund Holders: 83
AT&T Inc. (NYSE:T) is one of the Best Communication and Media Stocks to Buy Now. On November 18, Laurent Yoon from Bernstein reiterated a Buy rating on AT&T Inc. (NYSE:T) with a price target of $31. Earlier on November 11, Brandon Nispel from KeyBanc upgraded the stock from Hold to Buy with a price target of $30.
In addition to Wall Street’s positive outlook, on November 17, AT&T Inc. (NYSE:T) announced deploying EchoStar’s Spectrum, thereby boosting 5G speed by up to 80%. Earlier on August 26, the company acquired licenses from EchoStar in a deal worth $23 billion and added approximately 50 MHz of low-band and mid-band spectrum to its holdings.
Now the company has officially deployed spectrum across 5,300 cities and across 48 states under a short-term spectrum manager lease. As a result, management noted that the mobility customers can experience up to an 80% increase in download speed, while AT&T Internet Air customers can get up to 55% faster download. Jeff McElfresh, chief operating officer at AT&T Inc. (NYSE:T), said,
”We’ve put EchoStar spectrum to work on our network and customers are already feeling the difference.”
AT&T Inc. (NYSE:T) is a leading telecommunications conglomerate that provides wireless (5G) and wireline (fiber) services. The company also offers business solutions and entertainment offerings, operating a vast network that serves both consumers and businesses with mobile, internet, and television services.
5. The Walt Disney Company (NYSE:DIS)
Market Capitalization: $189.74 billion
Analyst Upside: 30.79%
Number of Hedge Fund Holders: 111
The Walt Disney Company (NYSE:DIS) is one of the Best Communication and Media Stocks to Buy Now. On November 17, Jason Bazinet from Citi reiterated a Buy rating on The Walt Disney Company (NYSE:DIS) with a price target of $145. Earlier on November 14, Laura Martin from Needham had also reiterated a Buy rating on the stock, without disclosing any price target.
The positive outlook on the company, despite mixed results for fiscal Q4 2025, was announced on November 13. Revenue for the quarter declined 0.49% year-over-year to $22.46 billion, falling behind the expectations by $315.20 million. However, the EPS of $1.11 topped the consensus by $0.09. The revenue was mainly impacted by a 6% year-over-year decrease in the Entertainment segment revenue, which decreased from $10.829 billion to $10.208 billion. The operating income of the segment also fell 35% during the same time. Management attributed the lower operating income of the segment to weaker content sales/licensing.
Despite the mixed results, Laura Martin from Needham sees a positive outlook for The Walt Disney Company (NYSE:DIS) driven by the company’s investment in theme parks and new cruise ships. Earlier on November 6, management of the company participated in Wells Fargo’s TMT Summit, where it announced expanding its cruise business with two new ships, along with the Abu Dhabi park project. These initiatives are expected to enhance the company’s revenue streams and improve its overall financial performance.
The Walt Disney Company (NYSE:DIS) is a diversified global entertainment company that operates in the Entertainment, Sports, and Experiences segments.
4. T-Mobile US, Inc. (NASDAQ:TMUS)
Market Capitalization: $238.33 billion
Analyst Upside: 27.89%
Number of Hedge Fund Holders: 76
T-Mobile US, Inc. (NASDAQ:TMUS) is one of the Best Communication and Media Stocks to Buy Now. On November 11, Ivan Feinseth from Tigress Financial raised the firm’s price target on T-Mobile US, Inc. (NASDAQ:TMUS) from $305 to $310 and reiterated a Buy rating on the stock.
The analyst noted in a research note that he sees the company growing its cash flow while driving revenue growth. He also noted that the company continues to build the broadest and deepest 5G (mid-band) coverage in the United States.
In addition, recently on November 18, T-Mobile US, Inc. (NASDAQ:TMUS) participated in Wells Fargo’s 9th Annual TMT Summit, where management highlighted its strategic outlook. At the event, the company announced its revised post-paid phone net additions guidance to 3.3 million. Moreover, management highlighted that its fixed wireless services are gaining traction and the company aspires to reach 12 million customers by 2028. During the third quarter, T-Mobile US, Inc. (NASDAQ:TMUS) added more than 500,000 fixed wireless customers to its portfolio, taking its total wireless customers, including fiber, to 560,000.
T-Mobile US, Inc. (NASDAQ:TMUS) provides wireless communication services across the United States, Puerto Rico, and the Virgin Islands under brands including T-Mobile, Metro by T-Mobile, and Mint Mobile.
3. Netflix, Inc. (NASDAQ:NFLX)
Market Capitalization: $483.44 billion
Analyst Upside: 25.80%
Number of Hedge Fund Holders: 133
Netflix, Inc. (NASDAQ:NFLX) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Benjamin Swinburne from Morgan Stanley maintained a Buy rating on Netflix, Inc. (NASDAQ:NFLX) with a $150 price target. A day earlier, Doug Anmuth from J.P. Morgan had reiterated a Hold rating on the stock while lowering the price target from $127.5 to $124.
The mixed outlook on the stock comes as the company’s share price has decreased more than 14.88% since its Q3 2025 earnings release on October 21. Despite the drop in share price, Swinburne from Morgan Stanley anticipates the company is well-positioned to achieve around a 25% compound annual growth rate in its adjusted EPS through 2028. The growth is anticipated to be driven by double-digit revenue growth and margin expansion.
Moreover, according to reports from The Wall Street Journal, Netflix, Inc. (NASDAQ:NFLX) is also competing in a bidding war with Comcast to acquire Warner Bros film and television studios and the Max streaming platform from Warner Bros Discovery. The analyst believes the potential acquisition could benefit the company in the long term, however, the deal would come with regulatory challenges and potential dilution of free cash flow per share.
Netflix Inc. (NASDAQ:NFLX) provides entertainment services. The company offers TV series, documentaries, feature films, and games across various genres and languages.
2. Meta Platforms, Inc. (NASDAQ:META)
Market Capitalization: $1.51 trillion
Analyst Upside: 42.21%
Number of Hedge Fund Holders: 260
Meta Platforms, Inc. (NASDAQ:META) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Deepak Mathivanan from Cantor Fitzgerald lowered the firm’s price target on Meta Platforms, Inc. (NASDAQ:META) from $830 to $720, but maintained an Overweight rating. Earlier on November 18, Laura Martin from Needham had maintained a Hold rating on the stock with no price targets.
The analyst at Cantor Fitzgerald noted that the company expects higher operating expenses for fiscal 2026, due to infrastructural costs, cloud computing, depreciation, and the cost of recently hired AI talent. In addition, Meta Platforms, Inc. (NASDAQ:META) has signed agreements worth more than $40 billion with cloud vendors. The analyst expects these agreements to add around $4 billion in incremental costs for the company.
A recent example of the company’s investment deals is its plan to invest $600 billion in the US over the next 3 years. The investment would be used to expand the AI and data center infrastructure and would also help create more jobs in the country.
Meta Platforms, Inc. (NASDAQ:META) is a tech company that connects people through social media and immersive experiences.
1. Alphabet Inc. (NASDAQ:GOOGL)
Market Capitalization: $3.43 trillion
Analyst Upside: 16.08%
Number of Hedge Fund Holders: 219
Alphabet Inc. (NASDAQ:GOOGL) is one of the Best Communication and Media Stocks to Buy Now. On November 19, Justin Post from Bank of America Securities maintained a Buy rating on Alphabet Inc. (NASDAQ:GOOGL) with a price target of $335. On the same day, Mark Mahaney from Evercore ISI also reiterated a Buy rating on the stock with a $325 price target.
The positive outlook follows the company’s release of the Gemini 3 model, which resulted in a 3% stock price increase on November 19. The new model comes after around 8 months of Gemini 2.5. Management noted that the new version is better at understanding complex problems and also does not require as many prompts to understand the context of the queries.
Analysts at D.A. Davidson called the latest model “genuinely strong model” and “the current state-of-the-art” on November 17, after they tested the model and analysed its performance against AI benchmarks. CNBC reported that the analysts said,
“We’d go as far to say that this latest model from [Google DeepMind] meaningfully moves the frontier forward, with capabilities that in certain areas far exceed what we’ve typically come to expect from this generation of frontier models.”
In addition, Justin Post from Bank of America Securities noted that the recent Gemini model is expected to close the performance gap with the company’s competitors and drive engagement across the company’s platforms.
Alphabet Inc. (NASDAQ:GOOGL) is a holding company with major segments including Google Services, Google Cloud, and Other Bets.
While we acknowledge the potential of GOOGL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GOOGL and that has 100x upside potential, check out our report about this cheapest AI stock.
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