Sphere Entertainment (NYSE:SPHR) Stock Price Expected to Rise, Citizens Jmp Analyst Says

Sphere Entertainment (NYSE:SPHR) had its price target increased by analysts at Citizens Jmp from $150.00 to $175.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “market outperform” rating on the stock. Citizens Jmp’s price target indicates a potential upside of 21.46% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating and issued a $170.00 price objective on shares of Sphere Entertainment in a research note on Wednesday. Benchmark upgraded Sphere Entertainment from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on Sphere Entertainment from $91.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. New Street Research set a $110.00 price target on shares of Sphere Entertainment in a report on Thursday, January 15th. Finally, Citigroup reiterated an “outperform” rating on shares of Sphere Entertainment in a research report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $142.85.

Sphere Entertainment Trading Up 5.5%

Sphere Entertainment stock traded up $7.48 during trading hours on Wednesday, hitting $144.08. The stock had a trading volume of 168,303 shares, compared to its average volume of 808,935. The business’s 50 day simple moving average is $120.86 and its 200-day simple moving average is $99.08. Sphere Entertainment has a one year low of $29.25 and a one year high of $149.00. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of -321.58 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 (NYSE:SPHR) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.86) by $0.82. Sphere Entertainment had a negative return on equity of 8.84% and a net margin of 2.16%.The company had revenue of $386.41 million for the quarter, compared to analysts’ expectations of $313.41 million. During the same period in the previous year, the business posted ($2.27) earnings per share. The business’s quarterly revenue was up 37.7% compared to the same quarter last year. On average, equities analysts predict that Sphere Entertainment will post -2.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Sphere Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of SPHR. SG Americas Securities LLC bought a new stake in shares of Sphere Entertainment in the 3rd quarter worth $2,937,000. Legato Capital Management LLC bought a new position in shares of Sphere Entertainment during the 3rd quarter valued at approximately $661,000. Kelleher Financial Advisors purchased a new position in Sphere Entertainment in the fourth quarter valued at approximately $389,000. Citigroup Inc. grew its stake in shares of Sphere Entertainment by 94.0% during the 3rd quarter. Citigroup Inc. now owns 50,592 shares of the company’s stock worth $3,143,000 after acquiring an additional 24,520 shares during the period. Finally, Stratos Wealth Partners LTD. boosted its position in Sphere Entertainment by 141.0% during the fourth quarter. Stratos Wealth Partners LTD. now owns 27,947 shares of the company’s stock worth $2,657,000 after purchasing an additional 16,351 shares during the period. Institutional investors own 92.03% of the company’s stock.

Key Stories Impacting Sphere Entertainment

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

• Positive Sentiment: Q1 results beat expectations — revenue grew ~38% year-over-year and the company topped consensus on EPS and sales, signaling improving underlying performance. Business Wire: Q1 Results
• Positive Sentiment: BTIG raised its price target sharply to $190 and maintained a Buy, implying significant upside and giving bullish signals to growth-focused investors. The Fly: BTIG PT Raise
• Positive Sentiment: Benchmark upgraded SPHR from Hold to Buy and set a $155 target, adding incremental analyst support for the stock’s rally. Benzinga: Benchmark Upgrade
• Positive Sentiment: Corporate growth roadmap remains active — management reiterated progress on new Sphere venues (Abu Dhabi, National Harbor) and ongoing discussions with additional markets, supporting revenue and long-term expansion expectations. Business Wire: Expansion Plans
• Neutral Sentiment: Management commentary and Q&A are available in the Q1 earnings call transcript for investors who want detail on guidance, venue timing and margin drivers. Seeking Alpha: Q1 Call Transcript
• Negative Sentiment: Despite the beat, some longer‑term profitability metrics remain mixed — return on equity is negative and analyst models still show a challenging FY outlook (consensus expects negative EPS for the year), which could limit upside if execution or venue rollouts slip. MarketBeat: Q1 Details & Metrics

About Sphere Entertainment

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.