Morgan Stanley raised the firm’s price target on Sphere Entertainment (SPHR) to $158 from $135 and keeps an Overweight rating on the shares. GenAI has the potential to commoditize content, while proven IP “has value but must be nurtured,” the analyst tells investors in a note on the media and entertainment group.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPHR:
- XRP Eyes a $2.15 Breakthrough as Record ETF Inflows Collide with Brad Garlinghouse’s Urgent ‘Lock In’ Call
- Sphere Entertainment price target raised to $132 from $110 at BofA
- Neutral on Sphere: Strong Growth Pipeline but Limited Margin of Safety at Current Valuation
- Sphere Entertainment price target raised to $160 from $150 at Guggenheim
- Sphere Entertainment initiated with an Outperform at Citizens