Sphere Entertainment (NYSE:SPHR) Price Target Raised to $159.00

Sphere Entertainment (NYSE:SPHR) had its target price hoisted by equities researchers at Susquehanna from $133.00 to $159.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 10.03% from the stock’s current price.

Other analysts also recently issued reports about the company. New Street Research set a $110.00 price objective on Sphere Entertainment in a research note on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sphere Entertainment in a research note on Monday, April 20th. National Bank Financial set a $136.00 price objective on Sphere Entertainment in a research note on Thursday, January 22nd. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Sphere Entertainment in a research note on Wednesday. Finally, The Goldman Sachs Group increased their price objective on Sphere Entertainment from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, April 8th. Eleven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $140.92.

Sphere Entertainment Stock Up 5.8%

NYSE:SPHR traded up $7.91 on Wednesday, hitting $144.51. The stock had a trading volume of 120,063 shares, compared to its average volume of 808,517. The business’s fifty day moving average is $120.86 and its 200 day moving average is $99.08. The company has a market cap of $5.13 billion, a PE ratio of -320.44 and a beta of 1.69. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.34. Sphere Entertainment has a 52 week low of $29.25 and a 52 week high of $149.00.

Sphere Entertainment (NYSE:SPHR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.86) by $0.82. The business had revenue of $386.41 million for the quarter, compared to analyst estimates of $313.41 million. Sphere Entertainment had a negative return on equity of 8.84% and a net margin of 2.16%.The company’s quarterly revenue was up 37.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.27) earnings per share. On average, equities research analysts expect that Sphere Entertainment will post -2.51 EPS for the current fiscal year.

Institutional Trading of Sphere Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of Sphere Entertainment during the third quarter valued at approximately $2,937,000. Legato Capital Management LLC purchased a new stake in shares of Sphere Entertainment during the third quarter valued at approximately $661,000. Kelleher Financial Advisors purchased a new stake in shares of Sphere Entertainment during the fourth quarter valued at approximately $389,000. Citigroup Inc. increased its position in shares of Sphere Entertainment by 94.0% during the third quarter. Citigroup Inc. now owns 50,592 shares of the company’s stock valued at $3,143,000 after acquiring an additional 24,520 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of Sphere Entertainment by 146.1% during the third quarter. New York State Common Retirement Fund now owns 20,784 shares of the company’s stock valued at $1,291,000 after acquiring an additional 12,338 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Key Sphere Entertainment News

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

• Positive Sentiment: Q1 results beat consensus — Sphere reported significantly higher revenue (about $386.4M) and came in ahead of EPS estimates, driven by strong segment performance and year-over-year revenue growth; the company also reiterated expansion plans for additional Sphere venues. Press Release
• Positive Sentiment: Analyst upgrades and higher price targets — Benchmark upgraded SPHR to Buy with a $155 target, and BTIG raised its target to $190 and maintained a Buy; those upgrades signal institutional confidence and add upward price pressure. Analyst Notes
• Positive Sentiment: Additional positive coverage — Financial media and outlets summarized the showstopping Q1 performance and highlighted improving margins and a return toward profitability, supporting momentum in the shares. Zacks Coverage
• Neutral Sentiment: Earnings call transcript available — The Q1 2026 earnings call transcript provides more color on forward plans, capital allocation and venue pipeline; useful for investors wanting details on timing and cash flow assumptions. Earnings Call
• Neutral Sentiment: Growth runway highlighted — Management noted progress on new Sphere projects (Abu Dhabi, National Harbor) and ongoing discussions with other markets; these are potential multi‑year revenue drivers but carry long lead times. Business Wire
• Negative Sentiment: Underlying fundamentals and valuation risks — Despite the quarter’s beat, the company still shows a negative historical P/E and negative return on equity; analysts project losses for the fiscal year, so profitability and free-cash-flow proof points will be needed to sustain higher valuations. Market Data

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.