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SPHR
Volume: 131

SPHR Stock Forecast & Price Target

SPHR Analyst Ratings

Based on 11 analyst ratings
Buy
Strong Buy 45%
Buy 45%
Hold 9%
Sell 0%
Strong Sell 0%

Bulls say

Sphere Entertainment is supported by a compelling combination of strong demand, improving utilization, and a scalable venue model that is increasingly proving it can attract visitors on its own rather than simply riding broader Las Vegas tourism trends. The company generated $780M of revenue in FY25, up 27% year over year, while live entertainment ex-sports has grown at a 7.4% CAGR since 2019 and Sphere’s share of quarterly Vegas foot traffic continues to rise despite weaker citywide visitation, reinforcing the view that its immersive content, residencies, sponsorships, and marquee events are driving durable wallet share gains. Beyond the flagship venue, the business has an attractive long-term expansion path through additional Sphere locations and licensing-based structures such as Abu Dhabi and National Harbor, with resilient margins around 68-70% for Sphere Experience, 67-75% for concerts and marquee events, and a 2026 concert slate already announced at 124 shows versus 107 for all of 2025.

Bears say

Sphere Entertainment is burdened by a capital-intensive growth strategy that has already shown how expensive and execution-sensitive the model can be, with the Sphere venue’s total cost rising from $1.2BN to approximately $2.3BN amid COVID-related delays, construction management change, and design and scope revisions. The company also faces meaningful fundamental risk from reliance on uncertain venue adoption, third-party licensing, and the success of costly original immersive productions, while its MSG Networks segment remains exposed to declining traditional MVPD subscribers and heavy dependence on affiliation fees from a limited number of distributors. Although Sphere Experience generated approximately $780M of revenues in FY25 and contribution margins are strong at an estimated 67% to 75% in FY26E and FY27E, the bearish outlook reflects the view that high investment requirements, construction execution risk, and slower-than-expected adoption could limit the durability and breadth of returns.

SPHR has been analyzed by 11 analysts, with a consensus rating of Buy. 45% of analysts recommend a Strong Buy, 45% recommend Buy, 9% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Sphere Entertainment Co and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Sphere Entertainment Co (SPHR) Forecast

Analysts have given SPHR a Buy based on their latest research and market trends.

According to 11 analysts, SPHR has a Buy consensus rating as of Oct 5, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $171.73, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $171.73, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Sphere Entertainment Co (SPHR)

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