10 Best Entertainment Stocks To Buy According to Analysts

2. Inspired Entertainment, Inc. (NASDAQ:INSE)

Analysts’ Upside Potential:  51.68%

Number of Hedge Funds: 16

Inspired Entertainment, Inc. (NASDAQ:INSE) operates as a technology provider for various gaming-related products and services to other businesses. Their software and games allow businesses to provide sports betting options. The company has a global reach in over 35 countries with more than 50,000 gaming machines installed internationally.

Management has strategically expanded its operations to the UK, North America, and mainland Europe. They have also formed strategic partnerships with companies like FanDuel and Loto-Québec. This resulted in the company’s Interactive segment standout as a performer with revenue growing by 40% year-over-year and EBITDA increasing by 47%. Inspired Entertainment, Inc. (NASDAQ:INSE) is actively pursuing its strategic priorities, which include expanding digital businesses, optimizing land-based operations, and investing in new markets. Recent initiatives include launching the MGM Bonus City game in Michigan and developing Hybrid Dealer content for FanDuel.

Overall, the company posted net revenue of $78.0 million, largely driven by its Interactive segment. Management remains confident in sustainably driving its growth on the back of improved profitability within its Gaming segment and record sales coming from its Interactive segment. It is one of the best entertainment stocks to buy according to analysts.