Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
The latest update is out from Sphere Entertainment ( (SPHR) ).
Sphere Entertainment‘s subsidiary, MSG Networks, along with its associated entities, has entered into a second amended and restated credit agreement with JPMorgan Chase Bank, replacing its previous credit facility with a new $210 million term loan maturing in December 2029. This agreement includes various financial and operational covenants, mandatory prepayment conditions, and amendments to media rights agreements, which impact the company’s financial structure and its dealings with professional sports teams, notably reducing annual rights fees for the New York Knicks and Rangers.
The most recent analyst rating on (SPHR) stock is a Buy with a $57.00 price target. To see the full list of analyst forecasts on Sphere Entertainment stock, see the SPHR Stock Forecast page.
Spark’s Take on SPHR Stock
According to Spark, TipRanks’ AI Analyst, SPHR is a Neutral.
Sphere Entertainment’s overall stock score reflects a mix of positive technical indicators and significant financial challenges. The bullish market momentum contributes positively to the score, but the company’s financial performance, particularly its negative profitability and cash flow issues, weighs heavily. The negative P/E ratio further diminishes the stock’s valuation appeal.
To see Spark’s full report on SPHR stock, click here.
More about Sphere Entertainment
Average Trading Volume: 857,915
Technical Sentiment Signal: Strong Buy
Current Market Cap: $1.42B
For detailed information about SPHR stock, go to TipRanks’ Stock Analysis page.