Sphere Entertainment (MSGE) Stock Forecast, Price Target & Predictions
MSGE Stock Forecast
Sphere Entertainment stock forecast is as follows: an average price target of $55.20 (represents a 37.01% upside from MSGE’s last price of $40.29) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
MSGE Price Target
The average price target for Sphere Entertainment (MSGE) is $55.20 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $41.00. This represents a potential 37.01% upside from MSGE's last price of $40.29.
MSGE Analyst Ratings
According to 6 Wall Street analysts, Sphere Entertainment's rating consensus is 'Buy'. The analyst rating breakdown for MSGE stock is 0 'Strong Buy' (0.00%), 5 'Buy' (83.33%), 1 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Sphere Entertainment Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 19, 2024 | Peter Henderson | Bank of America Securities | $48.00 | $40.50 | 18.52% | 19.14% |
| Jul 24, 2024 | Stephen Laszczyk | Goldman Sachs | $45.00 | $38.67 | 16.35% | 11.69% |
| May 14, 2024 | Curry Baker | Guggenheim | $42.00 | $36.53 | 14.97% | 4.24% |
| Aug 22, 2023 | Peter Henderson | New Street | $41.00 | $32.34 | 26.76% | 1.76% |
| May 11, 2022 | David Katz | Jefferies | $100.00 | $61.49 | 62.63% | 148.20% |
The latest Sphere Entertainment stock forecast, released on Aug 19, 2024 by Peter Henderson from Bank of America Securities, set a price target of $48.00, which represents a 18.52% increase from the stock price at the time of the forecast ($40.50), and a 19.14% increase from MSGE last price ($40.29).
Sphere Entertainment Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 3 |
| Avg Price Target | $48.00 | $46.50 | $45.00 |
| Last Closing Price | $40.29 | $40.29 | $40.29 |
| Upside/Downside | 19.14% | 15.41% | 11.69% |
In the current month, the average price target of Sphere Entertainment stock is $48.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 19.14% increase as opposed to Sphere Entertainment's last price of $40.29. This month's average price target is up 3.23% compared to last quarter, and up 6.67% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 16, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 16, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Aug 16, 2024 | Guggenheim | Buy | Buy | Hold |
| Jul 24, 2024 | Goldman Sachs | - | Buy | Upgrade |
| May 14, 2024 | Guggenheim | Buy | Buy | Hold |
| May 14, 2024 | Bank of America Securities | Buy | Buy | Hold |
| May 13, 2024 | Macquarie | Outperform | Outperform | Hold |
| Aug 22, 2023 | Bank of America Securities | - | Buy | Initialise |
| May 11, 2022 | Jefferies | Buy | Buy | Hold |
Sphere Entertainment's last stock rating was published by Goldman Sachs on Aug 16, 2024. The company gave MSGE a "Buy" rating, the same as its previous rate.
Sphere Entertainment Financial Forecast
Sphere Entertainment Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $348.64M | $118.01M | $147.94M | $201.23M | $642.20M | $401.22M | - | $460.13M | $516.44M | $294.51M | $99.78M | $43.10M | $23.14M | $14.38M | $7.55M | $199.86M |
| Avg Forecast | $208.62M | $258.28M | $455.42M | $153.45M | $196.91M | $246.95M | $428.12M | $144.25M | $190.92M | $238.39M | $415.41M | $139.46M | $173.26M | $227.63M | $385.92M | $156.83M | $140.52M | $347.65M | $509.37M | $334.66M | $284.46M | $6.11B | $544.78M | $304.24M | $304.24M | $52.04M | $16.43M | $16.78M | $3.61M | $173.13M |
| High Forecast | $210.92M | $261.13M | $460.44M | $155.14M | $199.09M | $249.68M | $432.84M | $145.84M | $193.03M | $241.03M | $420.00M | $139.49M | $175.17M | $230.15M | $389.54M | $163.00M | $142.07M | $351.49M | $611.24M | $401.60M | $341.36M | $7.33B | $653.74M | $365.09M | $365.09M | $62.45M | $19.72M | $20.14M | $4.33M | $207.76M |
| Low Forecast | $207.63M | $257.05M | $453.26M | $152.72M | $195.98M | $245.78M | $426.09M | $143.57M | $190.02M | $237.27M | $413.44M | $139.41M | $172.44M | $226.55M | $380.38M | $150.00M | $139.85M | $346.01M | $407.50M | $267.73M | $227.57M | $4.89B | $435.82M | $243.39M | $243.39M | $41.63M | $13.15M | $13.42M | $2.89M | $138.50M |
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 6 | 3 | 8 | 17 | 17 | 18 | 12 | 8 | 17 | 14 | 19 | 17 | 18 | 20 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.75% | 1.05% | 0.58% | 1.26% | 1.20% | - | 0.08% | 0.95% | 0.97% | 0.33% | 0.83% | 1.41% | 0.86% | 2.09% | 1.15% |
Sphere Entertainment's average Quarter revenue forecast for Mar 24 based on 1 analysts is $227.63M, with a low forecast of $226.55M, and a high forecast of $230.15M. MSGE's average Quarter revenue forecast represents a -34.71% decrease compared to the company's last Quarter revenue of $348.64M (Dec 23).
Sphere Entertainment EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 6 | 3 | 8 | 17 | 17 | 18 | 12 | 8 | 17 | 14 | 19 | 17 | 18 | 20 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $60.15M | $-84.05M | $4.77M | $52.48M | $120.74M | $-6.63M | - | $39.54M | $56.96M | $-59.46M | $-77.18M | $-38.83M | $-92.99M | $-62.69M | $160.78M | $-111.91M |
| Avg Forecast | $-260.89K | $-323.00K | $-569.54K | $-191.90K | $-246.26K | $-308.84K | $-535.40K | $-180.40K | $-238.76K | $-298.13K | $-519.51K | $-174.41K | $-216.68K | $-284.68K | $-482.63K | $-196.13K | $-175.73K | $289.13M | $94.74M | $-33.89M | $-32.43M | $309.23M | $101.32M | $-30.81M | $-34.68M | $-46.89M | $-66.05M | $-73.16M | $-77.24K | $-94.63M |
| High Forecast | $-259.66K | $-321.47K | $-566.85K | $-191.00K | $-245.09K | $-307.38K | $-532.87K | $-179.55K | $-237.63K | $-296.72K | $-517.05K | $-174.34K | $-215.65K | $-283.33K | $-475.70K | $-187.59K | $-174.90K | $346.95M | $113.68M | $-27.11M | $-25.94M | $371.07M | $121.59M | $-24.64M | $-27.74M | $-37.51M | $-52.84M | $-58.53M | $-61.80K | $-75.71M |
| Low Forecast | $-263.77K | $-326.57K | $-575.83K | $-194.02K | $-248.97K | $-312.25K | $-541.31K | $-182.39K | $-241.40K | $-301.43K | $-525.25K | $-174.44K | $-219.07K | $-287.82K | $-487.15K | $-203.85K | $-177.67K | $231.30M | $75.79M | $-40.66M | $-38.91M | $247.38M | $81.06M | $-36.97M | $-41.62M | $-56.27M | $-79.26M | $-87.80M | $-92.69K | $-113.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -124.63% | 428.53% | -27.14% | 0.18% | 1.27% | 0.20% | - | 0.13% | 0.56% | 1.93% | 2.23% | 0.83% | 1.41% | 0.86% | -2081.47% | 1.18% |
1 analysts predict MSGE's average Quarter EBITDA for Mar 24 to be $-284.68K, with a high of $-283.33K and a low of $-287.82K. This is -100.47% lower than Sphere Entertainment's previous annual EBITDA (Dec 23) of $60.15M.
Sphere Entertainment Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 6 | 3 | 8 | 17 | 17 | 18 | 12 | 8 | 17 | 14 | 19 | 17 | 18 | 20 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $94.27M | $-23.21M | $-24.48M | $21.72M | $67.58M | $-44.04M | - | $-19.31M | $5.02M | $-86.85M | $-117.77M | $-79.61M | $-124.86M | $-89.84M | $121.97M | $-128.59M |
| Avg Forecast | $-11.83M | $12.73M | $124.22M | $-44.38M | $-10.19M | $16.16M | $120.73M | $-38.40M | $-13.61M | $12.96M | $121.79M | $-37.40M | $-25.28M | $-202.99M | $91.97M | $-22.33M | $-29.77M | $-217.10M | $9.01M | $-49.50M | $-49.48M | $-232.19M | $9.64M | $-45.00M | $-52.92M | $-96.12M | $-88.69M | $-104.85M | $105.30M | $-108.73M |
| High Forecast | $-11.76M | $12.91M | $126.01M | $-44.11M | $-10.13M | $16.39M | $122.47M | $-38.16M | $-13.53M | $13.14M | $123.54M | $-29.73M | $-25.13M | $-162.39M | $107.46M | $-17.68M | $-29.58M | $-173.68M | $10.82M | $-39.60M | $-39.58M | $-185.75M | $11.57M | $-36.00M | $-42.33M | $-76.90M | $-70.95M | $-83.88M | $126.36M | $-86.99M |
| Low Forecast | $-12.00M | $12.65M | $123.46M | $-45.02M | $-10.34M | $16.06M | $119.99M | $-38.95M | $-13.80M | $12.88M | $121.04M | $-44.60M | $-25.65M | $-243.59M | $81.32M | $-26.05M | $-30.19M | $-260.52M | $7.21M | $-59.39M | $-59.37M | $-278.63M | $7.71M | $-53.99M | $-63.50M | $-115.35M | $-106.43M | $-125.82M | $84.24M | $-130.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.04% | 0.82% | -0.10% | 7.50% | 0.89% | - | 0.08% | 0.52% | 1.93% | 2.23% | 0.83% | 1.41% | 0.86% | 1.16% | 1.18% |
Sphere Entertainment's average Quarter net income forecast for Mar 24 is $-202.99M, with a range of $-243.59M to $-162.39M. MSGE's average Quarter net income forecast represents a -315.32% decrease compared to the company's last Quarter net income of $94.27M (Dec 23).
Sphere Entertainment SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 6 | 3 | 8 | 17 | 17 | 18 | 12 | 8 | 17 | 14 | 19 | 17 | 18 | 20 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.24M | $87.14M | $52.68M | $44.12M | $182.43M | $164.41M | - | $157.60M | $162.28M | $174.84M | $109.12M | $78.32M | $74.95M | $60.33M | $86.67M | $110.38M |
| Avg Forecast | $111.97M | $138.62M | $244.43M | $82.36M | $105.69M | $132.55M | $229.78M | $77.42M | $102.47M | $127.95M | $222.96M | $74.85M | $92.99M | $122.18M | $207.13M | $84.17M | $75.42M | $186.59M | $291.43M | $99.64M | $45.85M | $2.09B | $311.69M | $90.58M | $49.03M | $28.81M | $9.10M | $9.29M | $2.00M | $93.34M |
| High Forecast | $113.21M | $140.15M | $247.13M | $83.27M | $106.85M | $134.01M | $232.32M | $78.28M | $103.60M | $129.36M | $225.42M | $74.87M | $94.02M | $123.52M | $209.07M | $87.49M | $76.25M | $188.65M | $349.72M | $119.56M | $55.01M | $2.51B | $374.03M | $108.69M | $58.84M | $34.57M | $10.92M | $11.15M | $2.40M | $112.01M |
| Low Forecast | $111.44M | $137.97M | $243.28M | $81.97M | $105.19M | $131.92M | $228.69M | $77.06M | $101.99M | $127.35M | $221.90M | $74.82M | $92.55M | $121.60M | $204.16M | $80.51M | $75.06M | $185.71M | $233.14M | $79.71M | $36.68M | $1.67B | $249.35M | $72.46M | $39.23M | $23.05M | $7.28M | $7.43M | $1.60M | $74.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.17% | 1.04% | 0.70% | 0.24% | 0.63% | 1.65% | - | 0.08% | 0.52% | 1.93% | 2.23% | 2.72% | 8.24% | 6.49% | 43.39% | 1.18% |
Sphere Entertainment's average Quarter SG&A projection for Mar 24 is $122.18M, based on 1 Wall Street analysts, with a range of $121.60M to $123.52M. The forecast indicates a 237.16% rise compared to MSGE last annual SG&A of $36.24M (Dec 23).
Sphere Entertainment EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 6 | 3 | 8 | 17 | 17 | 18 | 12 | 8 | 17 | 14 | 19 | 17 | 18 | 20 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.42 | $1.95 | $-1.28 | - | $-0.56 | $0.15 | $-2.55 | $-4.87 | $-3.66 | $-5.17 | $-3.69 | $5.27 | $-5.36 |
| Avg Forecast | $-0.25 | $0.27 | $2.61 | $-0.93 | $-0.21 | $0.34 | $2.54 | $-0.81 | $-0.29 | $0.27 | $2.56 | $-0.79 | $-0.53 | $0.11 | $1.93 | $-0.47 | $-0.63 | $0.27 | $1.47 | $-0.88 | $-1.29 | $0.53 | $1.57 | $-0.80 | $-1.38 | $-4.54 | $-2.82 | $-5.17 | $-3.60 | $-2.03 |
| High Forecast | $-0.25 | $0.27 | $2.65 | $-0.93 | $-0.21 | $0.34 | $2.57 | $-0.80 | $-0.28 | $0.28 | $2.60 | $-0.62 | $-0.53 | $0.11 | $2.26 | $-0.37 | $-0.62 | $0.28 | $1.77 | $-0.70 | $-1.03 | $0.64 | $1.89 | $-0.64 | $-1.10 | $-3.63 | $-2.26 | $-4.14 | $-2.88 | $-1.62 |
| Low Forecast | $-0.25 | $0.27 | $2.59 | $-0.95 | $-0.22 | $0.34 | $2.52 | $-0.82 | $-0.29 | $0.27 | $2.54 | $-0.94 | $-0.54 | $0.11 | $1.71 | $-0.55 | $-0.63 | $0.27 | $1.18 | $-1.06 | $-1.54 | $0.42 | $1.26 | $-0.96 | $-1.65 | $-5.45 | $-3.38 | $-6.20 | $-4.32 | $-2.44 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.53% | 1.33% | 1.45% | - | -1.06% | 0.10% | 3.19% | 3.53% | 0.81% | 1.83% | 0.71% | -1.46% | 2.64% |
According to 3 Wall Street analysts, Sphere Entertainment's projected average Quarter EPS for Jun 23 is $-0.63, with a low estimate of $-0.63 and a high estimate of $-0.62. This represents a -248.89% decrease compared to MSGE previous annual EPS of $0.42 (Mar 23).
MSGE Forecast FAQ
Is Sphere Entertainment a good buy?
Yes, according to 6 Wall Street analysts, Sphere Entertainment (MSGE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 83.33% of MSGE's total ratings.
What is MSGE's price target?
Sphere Entertainment (MSGE) average price target is $55.2 with a range of $41 to $100, implying a 37.01% from its last price of $40.29. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Sphere Entertainment stock go up soon?
According to Wall Street analysts' prediction for MSGE stock, the company can go up by 37.01% (from the last price of $40.29 to the average price target of $55.2), up by 148.20% based on the highest stock price target, and up by 1.76% based on the lowest stock price target.
Can Sphere Entertainment stock reach $60?
MSGE's highest twelve months analyst stock price target of $100 supports the claim that Sphere Entertainment can reach $60 in the near future.
What is Sphere Entertainment's current price target trend?
1 Wall Street analyst forecast a $48 price target for Sphere Entertainment (MSGE) this month, up 19.14% from its last price of $40.29. Compared to the last 3 and 12 months, the average price target increased by 15.41% and increased by 11.69%, respectively.
What are Sphere Entertainment's analysts' financial forecasts?
Sphere Entertainment's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $1.02B (high $1.03B, low $1.01B), average EBITDA is $-1.271M (high $-1.265M, low $-1.285M), average net income is $88.31M (high $90.57M, low $86.77M), average SG&A $545.44M (high $551.46M, low $542.86M), and average EPS is $1.86 (high $1.9, low $1.82). MSGE's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.08B (high $1.09B, low $1.07B), average EBITDA is $-1.345M (high $-1.339M, low $-1.36M), average net income is $80.74M (high $83.05M, low $79.09M), average SG&A $577.39M (high $583.76M, low $574.65M), and average EPS is $1.7 (high $1.74, low $1.66).
Did the MSGE's actual financial results beat the analysts' financial forecasts?
Based on Sphere Entertainment's last annual report (Jun 2023), the company's revenue was $851.5M, which missed the average analysts forecast of $1.62B by -47.33%. Apple's EBITDA was $195.98M, missing the average prediction of $317.38M by -38.25%. The company's net income was $76.6M, missing the average estimation of $-337M by -122.74%. Apple's SG&A was $180.22M, missing the average forecast of $698.92M by -74.22%. Lastly, the company's EPS was $1.48, missing the average prediction of $-1.051 by -240.85%. In terms of the last quarterly report (Dec 2023), Sphere Entertainment's revenue was $348.64M, missing the average analysts' forecast of $385.92M by -9.66%. The company's EBITDA was $60.15M, missing the average prediction of $-483K by -12562.86%. Sphere Entertainment's net income was $94.27M, beating the average estimation of $91.97M by 2.51%. The company's SG&A was $36.24M, missing the average forecast of $207.13M by -82.51%. Lastly, the company's EPS was $0, missing the average prediction of $1.93 by -100.00%