Sphere Entertainment (NYSE:SPHR) Given New $164.00 Price Target at JPMorgan Chase & Co.

Sphere Entertainment (NYSE:SPHR) had its price target cut by JPMorgan Chase & Co. from $165.00 to $164.00 in a research note released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Citigroup reaffirmed a “market outperform” rating on shares of Sphere Entertainment in a report on Wednesday, June 17th. Morgan Stanley restated an “overweight” rating and set a $170.00 price objective on shares of Sphere Entertainment in a research report on Wednesday, May 6th. Susquehanna raised their price objective on Sphere Entertainment from $159.00 to $182.00 and gave the company a “positive” rating in a research note on Thursday, June 18th. The Goldman Sachs Group lifted their target price on Sphere Entertainment from $150.00 to $189.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Benchmark boosted their target price on Sphere Entertainment from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday, June 18th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Sphere Entertainment has a consensus rating of “Moderate Buy” and an average price target of $163.38.

Sphere Entertainment Price Performance

Sphere Entertainment stock opened at $143.44 on Friday. Sphere Entertainment has a 52-week low of $37.89 and a 52-week high of $174.60. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average is $147.77 and its 200 day moving average is $127.09. The company has a market cap of $5.09 billion, a price-to-earnings ratio of -53.52 and a beta of 1.61.

Sphere Entertainment (NYSE:SPHR) last issued its quarterly earnings data on Thursday, July 30th. The company reported ($1.07) EPS for the quarter, topping analysts’ consensus estimates of ($1.51) by $0.44. Sphere Entertainment had a negative net margin of 6.19% and a negative return on equity of 1.38%. The business had revenue of $313.64 million during the quarter, compared to analysts’ expectations of $307.44 million. During the same period last year, the company posted $3.39 EPS. The business’s revenue was up 10.9% on a year-over-year basis. Sell-side analysts forecast that Sphere Entertainment will post -2.54 EPS for the current fiscal year.

Institutional Trading of Sphere Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its position in shares of Sphere Entertainment by 30.0% during the second quarter. Handelsbanken Fonder AB now owns 7,800 shares of the company’s stock valued at $1,350,000 after buying an additional 1,800 shares during the period. Breakwater Capital Group bought a new position in shares of Sphere Entertainment during the second quarter valued at approximately $257,000. Assenagon Asset Management S.A. purchased a new stake in shares of Sphere Entertainment in the second quarter worth approximately $70,402,000. GAMMA Investing LLC raised its holdings in shares of Sphere Entertainment by 7.1% in the second quarter. GAMMA Investing LLC now owns 961 shares of the company’s stock worth $166,000 after buying an additional 64 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of Sphere Entertainment by 275.0% during the 1st quarter. Parallel Advisors LLC now owns 465 shares of the company’s stock worth $55,000 after acquiring an additional 341 shares during the last quarter. 92.03% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Sphere Entertainment

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

• Positive Sentiment: Quarterly results exceeded expectations: Sphere Entertainment reported a loss of $1.07 per share, narrower than the $1.51–$1.52 analyst consensus, while revenue of $313.64 million beat estimates of approximately $307.44 million. Revenue increased 10.9% year over year, providing the main catalyst for the stock’s recent increase. Sphere Entertainment Reports Second Quarter 2026 Results
• Positive Sentiment: Analyst remains bullish: JPMorgan lowered its price target modestly from $165 to $164 but maintained an “overweight” rating. The revised target still implies meaningful upside from the stock’s recent trading level, suggesting confidence in Sphere’s long-term growth prospects. JPMorgan price target update
• Positive Sentiment: Expansion opportunity remains intact: The company selected Yas Island in Abu Dhabi as the site for Sphere Abu Dhabi, with completion expected by the end of 2029. A second international venue could expand the company’s revenue base and validate its entertainment-platform strategy. Sphere Abu Dhabi announcement
• Neutral Sentiment: Valuation is mixed: Commentary suggests Sphere looks reasonable when valued on cash flow, but its earnings-based valuation is stretched. This may limit further gains unless the company delivers sustained earnings growth. Sphere Entertainment valuation analysis
• Negative Sentiment: Profitability remains a concern: Despite beating estimates, the company remained unprofitable, compared with positive earnings in the prior-year quarter. Its negative return on equity and elevated earnings multiple leave the stock vulnerable if growth or Sphere attendance disappoints.

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.