BTIG analyst Tyler DiMatteo reiterated a Buy rating on Sphere Entertainment yesterday and set a price target of $127.00.
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Tyler DiMatteo has given his Buy rating due to a combination of factors tied to Sphere Entertainment’s strong operating and financial momentum. The Sphere segment materially exceeded revenue and EBITDA expectations, with robust demand for “The Wizard of Oz” driving pricing power, operating leverage, and a sharp improvement in margins, which he believes can continue into 2026.
He also highlights a growing pipeline of future growth drivers, including the planned second U.S. venue in the Washington, D.C. area, the company’s ability to manage multiple international Spheres concurrently, extended concert booking visibility into 2027, and new original content slated for late 2026 or early 2027. Combined with higher forward estimates and an EV/EBITDA-based valuation range that supports an increased price target of $127, these elements underpin his positive view on the stock.
In another report released today, Guggenheim also maintained a Buy rating on the stock with a $150.00 price target.