10 Best Entertainment Stocks to Buy According to Billionaires

2. The Walt Disney Company (NYSE:DIS)

Number of Billionaire Investors: 19

Number of Hedge Fund Holders: 108

The Walt Disney Company (NYSE:DIS), or simply Disney, is an American multinational mass media and entertainment conglomerate that ranks among the best entertainment stocks to buy. The company operates through 3 core business segments that include Disney Entertainment, ESPN, and Disney Experiences. Disney Entertainment includes a portfolio of entertainment media networks, film studios, and streaming platforms like Disney+. ESPN focuses on sports content and includes ESPN networks, ESPN+, and international sports channels. Through Disney Experiences, The Walt Disney Company (NYSE:DIS) brings iconic stories and characters to life through theme parks, resorts, cruise, vacation experiences, and consumer products such as toys, apparel, books, and video games.

On March 12, JPMorgan reiterated its ‘Overweight’ rating for The Walt Disney Company (NYSE:DIS) with a price target of $130. The firm noted the Parks & Experiences division as a key driver of the company’s revenue and operating income. According to JPMorgan, this segment will remain a major contributor to the company’s financials, even as the Direct-to-Consumer (DTC) sector expands. The firm highlighted the unique role of Disney’s parks in creating tangible interactions with intellectual properties through rides, characters, and merchandise. Analysts expressed optimism about long-term earnings from this segment, citing investments in new attractions, cruise expansions, and refined pricing strategies. JPMorgan’s report also showed that The Walt Disney Company (NYSE:DIS) has considerable control over its success despite macroeconomic challenges and outlined plans for domestic and international growth, with a special focus on the cruise business through 2030.