Citizens raised the firm’s price target on Sphere Entertainment (SPHR) to $175 from $150 and keeps an Outperform rating on the shares. Sphere Entertainment reported strong Q1 results with revenue and operating income well above expectations, driven by continued exceptional performance at the Las Vegas Sphere, robust demand for immersive content and events, and early validation of its venue-driven growth model, while ongoing international expansion discussions support a longer-term inflection in earnings potential, the analyst tells investors in a research note.
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