Seaport Research upgraded Sphere Entertainment to Buy from Neutral with a $48 price target. Sphere is “another preferred experience economy stock that has gone on sale during the market drawdown,” says the analyst, whose potential financial catalyst driver for the upgrade, and the underlying increase in 2025 and later estimates, is the layering on of potential Sphere franchise revenue streams.
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Read More on SPHR:
- Sphere Entertainment initiated with a Hold at Benchmark
- Sphere Entertainment price target raised to $45 from $42 at Morgan Stanley
- Sphere Entertainment Secures CEO Dolan Until 2027
- Sphere Entertainment price target lowered to $43 from $48 at Guggenheim
- Steve Cohen’s Point72 Picks Up Stake in Sphere Entertainment
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