Wolfe Research raised the firm’s price target on Sphere Entertainment (SPHR) to $105 from $92 and keeps an Outperform rating on the shares. The firm adjusted ratings and targets in the media and entertainment and telecom and cable sectors as part of its 2026 outlook. Wolfe recommends being overweight live entertainment and music. It downgraded the telecom and cable group to Market Weight, saying it sees “no relief” from the key performance indicator deterioration seen in the second half of 2025.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPHR:
- Sphere Entertainment price target raised to $91 from $80 at JPMorgan
- Hold Rating on Sphere Entertainment Amid Strong Wizard of Oz Performance and Valuation Concerns
- Sphere Entertainment says The Wizard of Oz at Sphere sold over 1.5M tickets
- Sphere Entertainment Appoints New Senior VP and Controller
- Sphere Entertainment price target raised to $79 from $69 at Goldman Sachs