On May 21, 2025, JP Morgan analyst David Karnovsky issued an update for Sphere Entertainment (SPHR, Financial), maintaining an "Overweight" rating. The rating has remained consistent with the prior assessment, reflecting steady confidence in the company's performance.
Notably, JP Morgan has raised its price target for Sphere Entertainment (SPHR, Financial) from $54.00 to $55.00 USD, marking a 1.85% increase. This adjustment signifies optimism in the stock's potential growth trajectory. The revised price target reflects a positive outlook based on the company's recent developments and market conditions.
Investors and market observers are closely monitoring Sphere Entertainment (SPHR, Financial) following this announcement, as the company continues to navigate its strategic initiatives and operational efficiencies. The updated price target aligns with the expectations set forth by JP Morgan’s analysis and underscores the analyst's confidence in Sphere Entertainment's future prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Sphere Entertainment Co (SPHR, Financial) is $47.00 with a high estimate of $74.00 and a low estimate of $35.00. The average target implies an upside of 22.03% from the current price of $38.52. More detailed estimate data can be found on the Sphere Entertainment Co (SPHR) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Sphere Entertainment Co's (SPHR, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sphere Entertainment Co (SPHR, Financial) in one year is $49.56, suggesting a upside of 28.68% from the current price of $38.515. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sphere Entertainment Co (SPHR) Summary page.
