Morgan Stanley upgraded Sphere Entertainment (SPHR) to Overweight from Equal Weight with a price target of $105, up from $75. Experiential assets, especially those that tap into fandom, should benefit from AI disruption as consumers seek out more communal, real life experiences, the analyst contends. Fandom, community and celebrity are “secular tailwinds” to assets like the Sphere, the analyst tells investors.
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- Sphere Entertainment names Felicia Yue as EVP, chief technology officer
- Seaport downgrades Sphere Entertainment to Neutral on valuation
- Sphere Entertainment downgraded to Neutral from Buy at Seaport Research
- Sphere Entertainment price target raised to $105 from $92 at Wolfe Research
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