Macquarie analyst Paul Golding raised the firm’s price target on Sphere Entertainment to $40 from $34 and keeps a Neutral rating on the shares after the company closed its “first fully-operational” quarter with higher-than-expected revenue and positive adjusted AOI on strong demand for live events and ads. Sphere is “impressing with early AOI,” but the firm views shares as fairly valued until more is known about the economics of any franchising deals, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SPHR:
- SPHERE ENTERTAINMENT CO. REPORTS FISCAL 2024 SECOND QUARTER RESULTS
- Sphere Entertainment reports Q2 EPS ($4.91), consensus (85c)
- MSGE Earnings this Week: How Will it Perform?
- Sphere Entertainment price target raised to $44 from $40 at Guggenheim
- Seaport Research media analyst holds analyst/industry conference call
Questions or Comments about the article? Write to editor@tipranks.com