Sphere Entertainment price target raised to $126 from $108 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Sphere Entertainment (SPHR) to $126 from $108 and keeps a Buy rating on the shares. The medium- to long-term Buy thesis for Sphere remains intact, supported by strong demand for live entertainment, growing interest in new Las Vegas Sphere venues, and the company’s marquee Las Vegas property and expanding content and advertising partnerships, the analyst tells investors in a research note. Key catalysts for 2026 and beyond include performance of Wizard of Oz, new residencies, multiyear sponsorships, and future franchise or IP launches, the firm says.