Sphere Entertainment (MSGE) Stock Forecast, Price Target & Predictions
MSGE Stock Forecast
Sphere Entertainment stock forecast is as follows: an average price target of $46.50 (represents a 39.22% upside from MSGE’s last price of $33.40) 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 $46.50 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $48.00 to $45.00. This represents a potential 39.22% upside from MSGE's last price of $33.40.
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% | 43.71% |
| Jul 24, 2024 | Stephen Laszczyk | Goldman Sachs | $45.00 | $38.67 | 16.35% | 34.73% |
| May 14, 2024 | Curry Baker | Guggenheim | $42.00 | $36.53 | 14.97% | 25.75% |
| Aug 22, 2023 | Peter Henderson | New Street | $41.00 | $32.34 | 26.76% | 22.75% |
| May 11, 2022 | David Katz | Jefferies | $100.00 | $61.49 | 62.63% | 199.40% |
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 43.71% increase from MSGE last price ($33.40).
Sphere Entertainment Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 3 |
| Avg Price Target | - | - | $45.00 |
| Last Closing Price | $33.40 | $33.40 | $33.40 |
| Upside/Downside | -100.00% | -100.00% | 34.73% |
In the current month, the average price target of Sphere Entertainment stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Sphere Entertainment's last price of $33.40. This month's average price target is down NaN% compared to last quarter, and down -100.00% 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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | 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 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $348.64M | $118.01M | $147.94M | $201.23M | $642.20M | $460.13M | $43.10M | $199.86M |
| Avg Forecast | $443.28M | $166.40M | $218.38M | $268.10M | $431.97M | $159.42M | $208.98M | $252.03M | $431.28M | $152.46M | $198.35M | $243.05M | $420.11M | $144.99M | $189.42M | $231.14M | $401.76M | $139.46M | $173.26M | $227.63M | $385.92M | $156.83M | $140.52M | $347.65M | $509.37M | $6.11B | $52.04M | $173.13M |
| High Forecast | $445.40M | $167.20M | $219.42M | $269.38M | $434.03M | $160.18M | $209.98M | $253.23M | $433.34M | $153.19M | $199.30M | $244.21M | $422.11M | $145.68M | $190.32M | $231.77M | $402.82M | $140.12M | $173.26M | $227.63M | $389.54M | $163.00M | $141.19M | $349.31M | $611.24M | $7.33B | $62.45M | $207.76M |
| Low Forecast | $440.27M | $165.27M | $216.89M | $266.28M | $429.03M | $158.33M | $207.56M | $250.31M | $428.34M | $151.42M | $197.00M | $241.40M | $417.25M | $144.00M | $188.13M | $230.35M | $400.80M | $138.51M | $173.26M | $227.63M | $380.38M | $150.00M | $139.56M | $345.29M | $407.50M | $4.89B | $41.63M | $138.50M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 6 | 3 | 8 | 17 | 12 | 19 | 19 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.90% | 0.75% | 1.05% | 0.58% | 1.26% | 0.08% | 0.83% | 1.15% |
Sphere Entertainment's average Quarter revenue forecast for Mar 24 based on 1 analysts is $227.63M, with a low forecast of $227.63M, and a high forecast of $227.63M. 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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | 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 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 6 | 3 | 8 | 17 | 12 | 19 | 19 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $60.15M | $-84.05M | $4.77M | $52.48M | $120.74M | $39.54M | $-38.83M | $-111.91M |
| Avg Forecast | $1.88M | $707.00K | $927.83K | $1.14M | $1.84M | $677.31K | $887.90K | $1.07M | $1.83M | $647.75K | $842.74K | $1.03M | $1.78M | $616.01K | $804.77K | $982.03K | $1.71M | $592.50K | $736.12K | $967.14K | $1.64M | $666.32K | $597.01K | $289.13M | $94.74M | $309.23M | $-46.89M | $-94.63M |
| High Forecast | $1.89M | $710.38K | $932.26K | $1.14M | $1.84M | $680.54K | $892.14K | $1.08M | $1.84M | $650.84K | $846.76K | $1.04M | $1.79M | $618.95K | $808.62K | $984.71K | $1.71M | $595.33K | $736.13K | $967.14K | $1.66M | $692.54K | $599.86K | $346.95M | $113.68M | $371.07M | $-37.51M | $-75.71M |
| Low Forecast | $1.87M | $702.19K | $921.51K | $1.13M | $1.82M | $672.70K | $881.85K | $1.06M | $1.82M | $643.34K | $837.00K | $1.03M | $1.77M | $611.81K | $799.29K | $978.70K | $1.70M | $588.47K | $736.12K | $967.14K | $1.62M | $637.30K | $592.95K | $231.30M | $75.79M | $247.38M | $-56.27M | $-113.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36.68% | -126.14% | 7.99% | 0.18% | 1.27% | 0.13% | 0.83% | 1.18% |
1 analysts predict MSGE's average Quarter EBITDA for Mar 24 to be $967.14K, with a high of $967.14K and a low of $967.14K. This is -98.39% lower than Sphere Entertainment's previous annual EBITDA (Dec 23) of $60.15M.
Sphere Entertainment Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | 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 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 6 | 3 | 8 | 17 | 12 | 19 | 19 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $94.27M | $-23.21M | $-24.48M | $21.72M | $67.58M | $-19.31M | $-79.61M | $-128.59M |
| Avg Forecast | $114.58M | $7.01M | $-3.33M | $21.63M | $111.52M | $-1.75M | $-6.95M | $15.47M | $110.56M | $-19.06M | $-7.63M | $15.43M | $107.86M | $-23.56M | $-12.60M | $11.44M | $106.22M | $-38.19M | $-25.81M | $-202.99M | $93.88M | $-22.80M | $-30.38M | $-217.10M | $9.01M | $-232.19M | $-96.12M | $-108.73M |
| High Forecast | $115.29M | $7.06M | $-3.30M | $21.76M | $112.21M | $-1.74M | $-6.89M | $15.57M | $111.25M | $-18.89M | $-7.56M | $15.53M | $108.53M | $-23.35M | $-12.49M | $13.58M | $119.00M | $-37.85M | $-25.58M | $-162.39M | $109.69M | $-18.05M | $-30.12M | $-173.68M | $10.82M | $-185.75M | $-76.90M | $-86.99M |
| Low Forecast | $113.56M | $6.95M | $-3.35M | $21.44M | $110.53M | $-1.76M | $-6.99M | $15.33M | $109.58M | $-19.18M | $-7.68M | $15.30M | $106.91M | $-23.71M | $-12.68M | $7.86M | $92.94M | $-38.43M | $-25.97M | $-243.59M | $83.01M | $-26.60M | $-30.57M | $-260.52M | $7.21M | $-278.63M | $-115.35M | $-130.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.02% | 0.81% | -0.10% | 7.50% | 0.08% | 0.83% | 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
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | 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 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 6 | 3 | 8 | 17 | 12 | 19 | 19 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $36.24M | $87.14M | $52.68M | $44.12M | $182.43M | $157.60M | $78.32M | $110.38M |
| Avg Forecast | $237.92M | $89.31M | $117.21M | $143.90M | $231.85M | $85.56M | $112.17M | $135.27M | $231.48M | $81.83M | $106.46M | $130.45M | $225.48M | $77.82M | $101.66M | $124.06M | $215.63M | $74.85M | $92.99M | $122.18M | $207.13M | $84.17M | $75.42M | $186.59M | $291.43M | $2.09B | $27.93M | $93.34M |
| High Forecast | $239.06M | $89.74M | $117.77M | $144.58M | $232.95M | $85.97M | $112.70M | $135.91M | $232.58M | $82.22M | $106.97M | $131.08M | $226.56M | $78.19M | $102.15M | $124.40M | $216.20M | $75.21M | $92.99M | $122.18M | $209.07M | $87.49M | $75.78M | $187.48M | $349.72M | $2.51B | $33.52M | $112.01M |
| Low Forecast | $236.30M | $88.71M | $116.41M | $142.92M | $230.27M | $84.98M | $111.40M | $134.35M | $229.90M | $81.27M | $105.74M | $129.56M | $223.95M | $77.29M | $100.97M | $123.64M | $215.12M | $74.34M | $92.99M | $122.18M | $204.16M | $80.51M | $74.91M | $185.32M | $233.14M | $1.67B | $22.35M | $74.67M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.17% | 1.04% | 0.70% | 0.24% | 0.63% | 0.08% | 2.80% | 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 $122.18M to $122.18M. The forecast indicates a 237.16% rise compared to MSGE last annual SG&A of $36.24M (Dec 23).
Sphere Entertainment EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | 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 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 4 | 4 | 2 | 1 | 1 | 3 | 6 | 3 | 8 | 17 | 12 | 19 | 19 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.42 | $1.95 | $-0.56 | $-3.66 | $-5.36 |
| Avg Forecast | $2.36 | $0.14 | $-0.07 | $0.45 | $2.30 | $-0.04 | $-0.14 | $0.32 | $2.28 | $-0.39 | $-0.16 | $0.32 | $2.22 | $-0.48 | $-0.26 | $0.24 | $2.19 | $-0.79 | $-0.53 | $0.11 | $1.93 | $-0.47 | $-0.63 | $0.27 | $1.47 | $0.53 | $-4.54 | $-2.03 |
| High Forecast | $2.37 | $0.15 | $-0.07 | $0.45 | $2.31 | $-0.04 | $-0.14 | $0.32 | $2.29 | $-0.39 | $-0.16 | $0.32 | $2.23 | $-0.48 | $-0.26 | $0.28 | $2.45 | $-0.78 | $-0.53 | $0.11 | $2.26 | $-0.37 | $-0.62 | $0.28 | $1.77 | $0.64 | $-3.63 | $-1.62 |
| Low Forecast | $2.34 | $0.14 | $-0.07 | $0.44 | $2.27 | $-0.04 | $-0.14 | $0.32 | $2.26 | $-0.39 | $-0.16 | $0.31 | $2.20 | $-0.49 | $-0.26 | $0.16 | $1.91 | $-0.79 | $-0.53 | $0.11 | $1.71 | $-0.55 | $-0.63 | $0.27 | $1.18 | $0.42 | $-5.45 | $-2.44 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.53% | 1.33% | -1.06% | 0.81% | 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).