JPMorgan analyst David Karnovsky raised the firm’s price target on Sphere Entertainment (SPHR) to $68 from $60 and keeps an Overweight rating on the shares. The firm increased estimates into the company’s Q3 report to reflect momentum for The Wizard of Oz. Momentum for the show appears to be building based on Ticketmaster inventory, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SPHR:
- Sphere Entertainment initiated with a Neutral at BTIG
- Sphere Entertainment Announces Senior VP Resignation
- Sphere Entertainment announces over $65M in The Wizard of Oz ticket sales
- Sphere Entertainment repurchases additional $22.5M of common stock
- Sphere Entertainment price target raised to $76 from $75 at Guggenheim