JPMorgan Chase & Co. Has Lowered Expectations for Sphere Entertainment (NYSE:SPHR) Stock Price

Sphere Entertainment (NYSE:SPHR) had its price target decreased by equities researchers at JPMorgan Chase & Co. from $165.00 to $164.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 11.61% from the stock’s current price.

A number of other brokerages have also commented on SPHR. Guggenheim increased their price objective on shares of Sphere Entertainment from $188.00 to $193.00 and gave the stock a “buy” rating in a report on Friday. New Street Research set a $188.00 target price on shares of Sphere Entertainment in a research note on Tuesday, July 14th. Morgan Stanley reiterated an “overweight” rating and set a $170.00 target price on shares of Sphere Entertainment in a research report on Wednesday, May 6th. BTIG Research reissued a “buy” rating and issued a $190.00 price target on shares of Sphere Entertainment in a report on Monday. Finally, Susquehanna boosted their price objective on shares of Sphere Entertainment from $159.00 to $182.00 and gave the stock a “positive” rating in a research report on Thursday, June 18th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $163.38.

Sphere Entertainment Price Performance

SPHR traded down $1.39 during trading on Friday, hitting $146.93. The company’s stock had a trading volume of 329,699 shares, compared to its average volume of 772,419. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $5.22 billion, a price-to-earnings ratio of 82.50 and a beta of 1.61. The firm’s 50 day moving average price is $147.49 and its two-hundred day moving average price is $126.97. Sphere Entertainment has a 12 month low of $37.89 and a 12 month high of $174.60.

Sphere Entertainment (NYSE:SPHR) last announced its earnings results on Thursday, July 30th. The company reported ($1.07) EPS for the quarter, topping the consensus estimate of ($1.51) by $0.44. Sphere Entertainment had a negative return on equity of 5.07% and a net margin of 8.05%.The company had revenue of $313.64 million for the quarter, compared to analysts’ expectations of $307.44 million. During the same quarter in the prior year, the business earned $3.39 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Sphere Entertainment will post -2.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sphere Entertainment

Several large investors have recently bought and sold shares of SPHR. Royal Bank of Canada grew its holdings in Sphere Entertainment by 5.5% during the 1st quarter. Royal Bank of Canada now owns 150,614 shares of the company’s stock worth $4,928,000 after acquiring an additional 7,891 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Sphere Entertainment by 5.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,270 shares of the company’s stock worth $532,000 after purchasing an additional 831 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Sphere Entertainment by 132.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 628,886 shares of the company’s stock worth $20,577,000 after purchasing an additional 357,794 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Sphere Entertainment by 11.2% during the second quarter. Legal & General Group Plc now owns 30,752 shares of the company’s stock worth $1,285,000 after purchasing an additional 3,103 shares during the period. Finally, Norges Bank bought a new stake in Sphere Entertainment in the second quarter valued at about $551,000. 92.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Sphere Entertainment

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

• Positive Sentiment: Sphere reported a quarterly loss of $1.07 per share, narrower than the expected $1.51 loss. Revenue rose 10.9% year over year to $313.64 million, beating estimates of $307.44 million. The revenue and EPS beats prompted reports that the stock rose following the release. Sphere Entertainment Co. Reports Second Quarter 2026 Results
• Positive Sentiment: Analysts and financial commentators viewed the results favorably, with some estimates suggesting SPHR could be approximately 16% undervalued based on cash-flow expectations and the earnings update. Sphere Entertainment Could Be 16% Undervalued Following Its Earnings Report
• Positive Sentiment: The company continues advancing its international expansion strategy. Sphere Entertainment selected Abu Dhabi’s Yas Island for a planned Sphere Abu Dhabi venue, with construction expected to finish by the end of 2029, potentially creating a long-term growth opportunity. Sphere Entertainment Co. Reports Second Quarter 2026 Results
• Neutral Sentiment: SPHR’s valuation is viewed differently depending on the measure: cash-flow analysis appears reasonable, while earnings-based valuation looks stretched. The stock’s elevated P/E ratio leaves it sensitive to any slowdown in growth or delays in improving profitability. Sphere Entertainment Stock Looks Reasonable on Cash Flow but Stretched on Earnings
• Negative Sentiment: Despite beating estimates, Sphere Entertainment remains unprofitable on an EPS basis and posted a negative return on equity. Investors may therefore focus on the company’s ability to convert revenue growth into sustained earnings and cash flow.

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.