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Sphere Entertainment Co has a consensus price target of $49.33 based on the ratings of 9 analysts. The high is $63 issued by Guggenheim on September 19, 2024. The low is $40 issued by Benchmark on September 3, 2024. The 3 most-recent analyst ratings were released by Macquarie, Macquarie, and Wolfe Research on November 13, 2024, October 23, 2024, and October 2, 2024, respectively. With an average price target of $50.67 between Macquarie, Macquarie, and Wolfe Research, there's an implied 22.77% upside for Sphere Entertainment Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sphere Entertainment (NYSE:SPHR) was reported by Macquarie on November 13, 2024. The analyst firm set a price target for $45.00 expecting SPHR to rise to within 12 months (a possible 9.04% upside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for Sphere Entertainment (NYSE:SPHR) was provided by Macquarie, and Sphere Entertainment maintained their neutral rating.
The last upgrade for Sphere Entertainment Co happened on October 2, 2024 when Wolfe Research raised their price target to $60. Wolfe Research previously had a peer perform for Sphere Entertainment Co.
The last downgrade for Sphere Entertainment Co happened on September 3, 2024 when Benchmark changed their price target from N/A to $40 for Sphere Entertainment Co.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sphere Entertainment, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sphere Entertainment was filed on November 13, 2024 so you should expect the next rating to be made available sometime around November 13, 2025.
While ratings are subjective and will change, the latest Sphere Entertainment (SPHR) rating was a maintained with a price target of $47.00 to $45.00. The current price Sphere Entertainment (SPHR) is trading at is $41.27, which is out of the analyst’s predicted range.
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