5 Best Entertainment Stocks to Buy for 2024

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In this article, we will take a look at the 5 best entertainment stocks to buy for 2024. To read our analysis of the recent trends, and market activity, you can go to the 12 Best Entertainment Stocks to Buy for 2024.

5. Endeavor Group Holdings, Inc. (NYSE:EDR)

Number of Hedge Fund Holders: 46

Beverly Hills, California-based Endeavor Group Holdings, Inc. (NYSE:EDR) is a global sports and entertainment company specializing in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing, and brand licensing.

On October 25, Endeavor Group Holdings, Inc. (NYSE:EDR) announced the initiation of a formal review to evaluate strategic alternatives for the Company. On February 22, Deutsche Bank lowered the price target for Endeavor Group Holdings, Inc. (NYSE:EDR) shares to $32 from $35 and maintained a ‘Buy’ rating. The firm believes that an announcement of a bid from Silver Lake to take the company private will come soon.

Hedge funds are bullish about Endeavor Group Holdings, Inc. (NYSE:EDR) shares as the number of hedge funds that own its shares has increased from 32 in Q1 2022 to 46 in Q4 2023. These hedge funds together held shares worth $3.5 billion according to Insider Monkey data.

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