Sphere Entertainment (SPHR) Stock Forecast & Price Target

$40.00 -0.36 (-0.89%)

(As of 09:33 AM ET)

Sphere Entertainment - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 8 Analyst Ratings

Sell
1

Hold
4

Buy
3

Based on 8 Wall Street analysts who have issued ratings for Sphere Entertainment in the last 12 months, the stock has a consensus rating of "Hold." Out of the 8 analysts, 1 has given a sell rating, 4 have given a hold rating, and 3 have given a buy rating for SPHR.

Consensus Price Target

$50.43
26.07% Upside

According to the 8 analysts' twelve-month price targets for Sphere Entertainment, the average price target is $50.43. The highest price target for SPHR is $63.00, while the lowest price target for SPHR is $40.00. The average price target represents a forecasted upside of 26.07% from the current price of $40.00.

SPHR Analyst Ratings Over Time

Type	Current Forecast 11/19/23 to 11/18/24	1 Month Ago 10/20/23 to 10/19/24	3 Months Ago 8/21/23 to 8/20/24	1 Year Ago 11/19/22 to 11/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$50.43	$50.71	$47.00	$32.25
Forecasted Upside	26.07% Upside	9.39% Upside	-3.05% Downside	-13.10% Downside
Consensus Rating	Hold	Hold	Hold	Hold

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SPHR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SPHR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sphere Entertainment Stock vs. The Competition

Type	Sphere Entertainment	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.25	2.56	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	26.07% Upside	3,279.28% Upside	9.87% Upside
News Sentiment Rating	Positive News See Recent SPHR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/13/2024	Macquarie 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$47.00 ➝ $45.00	+6.58%
10/2/2024	Wolfe Research 3 of 5 stars	P. Supino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Peer Perform ➝ Outperform	$60.00	+36.86%
9/19/2024	Guggenheim 3 of 5 stars		Boost Target	Buy ➝ Buy	$58.00 ➝ $63.00	+47.61%
9/17/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$45.00 ➝ $43.00	+2.97%
9/3/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Hickey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Hold ➝ Sell	$40.00	-14.16%
8/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$37.00 ➝ $57.00	+23.27%
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7/11/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$42.00 ➝ $45.00	+4.34%
4/8/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 09:55 AM ET.

SPHR Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Sphere Entertainment is $50.43, with a high forecast of $63.00 and a low forecast of $40.00.
: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sphere Entertainment in the last year. There is currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SPHR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPHR, but not buy additional shares or sell existing shares.
: According to analysts, Sphere Entertainment's stock has a predicted upside of 26.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Sphere Entertainment's stock had 1 upgrade by analysts.
: Sphere Entertainment has been rated by research analysts at Bank of America, Benchmark, Guggenheim, Macquarie, and Wolfe Research in the past 90 days.
: Analysts like Sphere Entertainment less than other "consumer discretionary" companies. The consensus rating for Sphere Entertainment is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how SPHR compares to other companies.

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This page (NYSE:SPHR) was last updated on 11/18/2024 by MarketBeat.com Staff

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Sphere Entertainment (SPHR) Stock Forecast & Price Target