BTIG upgraded Sphere Entertainment (SPHR) to Buy from Neutral with a $110 price target The firm says it underappreciated the company’s execution ability under backdrop of a weakening lower end consumer. Sphere’s momentum in 2026 continues as it announced the U.S. expansion of its portfolio with the second venue targeted for Washington D.C., the analyst tells investors in a research note. BTIG says the company’s portfolio expansion is bringing an improving narrative and more visibility into underwriting financial contribution. It sees a “catalyst rich event path” for Sphere amid the secular growth for live entertainment immersive experiences.
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 sells over 2M tickets for The Wizard of Oz at Sphere
- Scaling the Sphere Network: Leveraging Capital-Light Venue Expansion and Content Success to Unlock Long-Term FCF Upside and Support a Buy Rating
- Sphere, Maryland, Peterson announce intent to develop new Sphere venue
- Sphere Entertainment price target raised to $110 from $91 at JPMorgan
- Tesla’s (TSLA) Robovan May Be Headed for Las Vegas — Here’s How It Would Be Used