As previously reported, Benchmark upgraded Sphere Entertainment (SPHR) to Buy from Hold with a $155 price target Q1 results exceeded expectations and recent performance reinforces confidence in the durability and scalability of the Sphere model, the analyst tells investors. The firm was “too conservative in our prior view,” underestimating the profitability of the model, the scalability of the platform, and the impact of AI on content quality and production efficiency, the analyst added.
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