Sphere Entertainment (NYSE:SPHR) Price Target Raised to $150.00

Sphere Entertainment (NYSE:SPHR) had its price objective upped by Guggenheim from $136.00 to $150.00 in a research report released on Friday morning, Marketbeat.com reports. Guggenheim currently has a buy rating on the stock.

Several other brokerages also recently issued reports on SPHR. New Street Research set a $110.00 target price on shares of Sphere Entertainment in a research note on Thursday, January 15th. Benchmark increased their price target on shares of Sphere Entertainment from $35.00 to $45.00 and gave the stock a “sell” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group restated a “buy” rating and set a $98.00 price target on shares of Sphere Entertainment in a report on Tuesday, January 6th. Morgan Stanley raised shares of Sphere Entertainment from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $75.00 to $105.00 in a research report on Thursday, December 18th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sphere Entertainment in a research report on Wednesday, January 21st. Eight investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $101.23.

Sphere Entertainment Stock Down 0.1%

Shares of Sphere Entertainment stock opened at $115.62 on Friday. Sphere Entertainment has a 12-month low of $23.89 and a 12-month high of $117.50. The firm has a market capitalization of $4.08 billion, a PE ratio of -256.93 and a beta of 1.68. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $94.31 and its 200-day moving average is $72.36.

Sphere Entertainment (NYSE:SPHR) last released its quarterly earnings results on Thursday, February 12th. The company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $1.35. The business had revenue of $394.28 million during the quarter, compared to analyst estimates of $377.60 million. Sphere Entertainment had a negative return on equity of 8.84% and a net margin of 2.16%.Sphere Entertainment’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the company posted ($3.49) EPS. Equities analysts anticipate that Sphere Entertainment will post -11.47 earnings per share for the current year.

Hedge Funds Weigh In On Sphere Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System boosted its holdings in Sphere Entertainment by 2.0% during the third quarter. Arizona State Retirement System now owns 7,758 shares of the company’s stock valued at $482,000 after acquiring an additional 152 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in shares of Sphere Entertainment by 53.1% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 450 shares of the company’s stock worth $43,000 after purchasing an additional 156 shares during the last quarter. Putney Financial Group LLC boosted its stake in Sphere Entertainment by 4.2% during the 4th quarter. Putney Financial Group LLC now owns 4,475 shares of the company’s stock valued at $425,000 after purchasing an additional 180 shares during the period. ORG Partners LLC grew its holdings in Sphere Entertainment by 35.4% in the 4th quarter. ORG Partners LLC now owns 895 shares of the company’s stock valued at $85,000 after buying an additional 234 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its position in Sphere Entertainment by 5.3% in the 4th quarter. Handelsbanken Fonder AB now owns 6,000 shares of the company’s stock worth $570,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 92.03% of the company’s stock.

Key Headlines Impacting Sphere Entertainment

Here are the key news stories impacting Sphere Entertainment this week:

• Positive Sentiment: Q4 earnings beat and revenue upside — Sphere reported $1.23 EPS vs. a consensus loss and revenue of $394.3M (above estimates), driving the earlier rally as results showed a sharp improvement year‑over‑year. View Press Release
• Positive Sentiment: Strong show run boosting venue revenue outlook — Ongoing success of the “Wizard of Oz” residency continues to support near‑term box‑office strength and contributed to positive headline coverage and investor enthusiasm. Article Title
• Positive Sentiment: Analyst target lift — Guggenheim raised its price target to $150 and kept a Buy rating, implying material upside from current levels and reinforcing the bullish narrative among some sell‑side analysts. The Fly
• Positive Sentiment: Growth and expansion roadmap — Management outlined a 4‑year plan for a National Harbor Sphere venue and signaled global expansion ambitions backed by roughly $200M of incentives, which supports longer‑term revenue runway beyond the Las Vegas property. Article Title
• Neutral Sentiment: Management commentary and call transcript available — The Q4 earnings call transcript and the company press release provide more detail on margins, cadence of upcoming shows, and capex/timeline for new venues; useful for investors digging into execution risk vs. opportunity. Earnings Call Transcript
• Neutral Sentiment: Higher trading volume and momentum metrics — Volume picked up well above average and the stock sits near its 1‑year high, reflecting strong investor interest but also raising the potential for short‑term volatility as traders rotate. MarketBeat
• Negative Sentiment: Profitability and forward earnings remain a concern — Despite the quarterly beat, the company still shows a negative net margin and negative return on equity; sell‑side consensus expects materially negative EPS for the fiscal year, leaving valuation dependent on successful execution of new venues and continued strong shows. Earnings Details

Sphere Entertainment Company Profile

Sphere Entertainment Co (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems.