Wolfe Research Names Top Media and Entertainment Stocks for 2026

Wolfe Research has unveiled its top media, entertainment, and telecom stock picks for 2026, highlighting five companies poised to capitalize on industry trends and strategic business moves. The firm's selections range from nearly 19% to over 46% upside potential. Versant Media emerges as the top pick with a $60 price target, suggesting a 46.3% upside, as Wolfe sees the firm's platforms growth story gaining momentum with Full Swing and the MS NOW direct-to-consumer launch.

Fox Corp. (FOXA) follows with a $93 target, projecting a 35.9% upside, thanks to the synergies from the Fox-Roku merger, advertising sales, and engagement. Spotify (SPOT) is rated with a $690 price target, indicating a 26% upside, and is viewed as benefiting from the streaming bundling trend alongside major players like Netflix and Disney/Hulu.

Sphere Entertainment (SPHR) is given a price target of $175, with a 23.5% upside, due to the firm's focus on venue economics and the positive impact on tourism. Live Nation (LYV) rounds out the list with a $216 price target, a 18.9% upside, as Wolfe Research remains bullish on live entertainment, citing increased value through streaming and social media, and highlighting Venue Nation's expansion.