Sphere Entertainment (SPHR) Stock Forecast, Price Target & Predictions
SPHR Stock Forecast
Sphere Entertainment stock forecast is as follows: an average price target of $46.00 (represents a 6.28% upside from SPHR’s last price of $43.28) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
SPHR Price Target
The average price target for Sphere Entertainment (SPHR) is $46.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $48.00 to $43.00. This represents a potential 6.28% upside from SPHR's last price of $43.28.
SPHR Analyst Ratings
According to 5 Wall Street analysts, Sphere Entertainment's rating consensus is 'Buy'. The analyst rating breakdown for SPHR stock is 0 'Strong Buy' (0.00%), 2 'Buy' (40.00%), 2 'Hold' (40.00%), 1 'Sell' (20.00%), 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 16, 2024 | Paul Golding | Macquarie | $47.00 | $49.85 | -5.72% | 8.60% |
| Aug 06, 2024 | David Joyce | Seaport Global | $48.00 | $39.06 | 22.89% | 10.91% |
| Jun 27, 2024 | Curry Baker | Guggenheim | $43.00 | $34.48 | 24.71% | -0.65% |
The latest Sphere Entertainment stock forecast, released on Aug 16, 2024 by Paul Golding from Macquarie, set a price target of $47.00, which represents a -5.72% decrease from the stock price at the time of the forecast ($49.85), and a 8.60% increase from SPHR last price ($43.28).
Sphere Entertainment Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 3 |
| Avg Price Target | $47.00 | $46.00 | $46.00 |
| Last Closing Price | $43.28 | $43.28 | $43.28 |
| Upside/Downside | 8.60% | 6.28% | 6.28% |
In the current month, the average price target of Sphere Entertainment stock is $47.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 8.60% increase as opposed to Sphere Entertainment's last price of $43.28. This month's average price target is up 2.17% compared to last quarter, and up 2.17% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Seaport Global | Buy | Buy | Hold |
| Sep 03, 2024 | Benchmark | Neutral | Sell | Downgrade |
| Aug 16, 2024 | Macquarie | Neutral | Neutral | Hold |
| Aug 06, 2024 | Seaport Global | Neutral | Buy | Upgrade |
| Jul 23, 2024 | Benchmark | - | Hold | Initialise |
| Jul 11, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 27, 2024 | Guggenheim | Buy | Buy | Hold |
| Apr 08, 2024 | Seaport Global | - | Neutral | Downgrade |
| May 26, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
Sphere Entertainment's last stock rating was published by Seaport Global on Sep 04, 2024. The company gave SPHR 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $363.30M | $642.20M | $401.22M | $453.54M | $460.13M | $516.44M | $294.51M | $99.78M | $43.10M | $23.14M | $14.38M | $9.00M | $199.86M |
| Avg Forecast | $285.23M | $322.50M | $341.18M | $244.63M | $336.57M | $331.45M | $330.79M | $254.36M | $302.61M | $314.26M | $309.62M | $252.32M | $271.28M | $324.65M | $303.28M | $117.35M | $129.22M | $415.32M | $601.49M | $404.98M | $413.96M | $441.68M | $538.97M | $281.90M | $71.46M | $44.48M | $19.03M | $14.38M | $18.81M | $156.25M |
| High Forecast | $293.08M | $331.38M | $350.58M | $251.36M | $345.84M | $340.58M | $339.90M | $261.36M | $310.95M | $322.91M | $318.15M | $259.05M | $278.75M | $333.59M | $312.96M | $122.14M | $132.77M | $426.76M | $618.06M | $416.13M | $413.96M | $458.06M | $558.97M | $292.36M | $74.11M | $46.13M | $19.74M | $14.91M | $19.51M | $162.04M |
| Low Forecast | $271.50M | $306.98M | $324.76M | $232.85M | $320.38M | $315.50M | $314.87M | $242.12M | $288.05M | $299.14M | $294.72M | $243.29M | $258.22M | $309.03M | $293.68M | $114.13M | $123.00M | $395.34M | $572.55M | $385.49M | $413.96M | $428.77M | $523.22M | $273.66M | $69.37M | $43.18M | $18.47M | $13.96M | $18.26M | $151.68M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.87% | 1.07% | 0.99% | 1.10% | 1.04% | 0.96% | 1.04% | 1.40% | 0.97% | 1.22% | 1.00% | 0.48% | 1.28% |
Sphere Entertainment's average Quarter revenue forecast for Jun 23 based on 1 analysts is $129.22M, with a low forecast of $123.00M, and a high forecast of $132.77M. SPHR's average Quarter revenue forecast represents a -64.43% decrease compared to the company's last Quarter revenue of $363.30M (Mar 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-19.08M | $120.74M | $-6.63M | $-38.27M | $39.54M | $56.96M | $-49.07M | $-79.21M | $-46.41M | $-95.86M | $-47.28M | $-77.80M | $-31.95M |
| Avg Forecast | $65.83M | $74.43M | $78.74M | $56.46M | $77.67M | $76.49M | $76.34M | $58.70M | $69.84M | $72.52M | $71.45M | $58.23M | $62.61M | $74.92M | $69.99M | $27.08M | $29.82M | $95.85M | $138.81M | $93.46M | $98.91M | $105.53M | $128.78M | $67.36M | $17.07M | $10.63M | $4.55M | $3.44M | $4.49M | $37.33M |
| High Forecast | $67.64M | $76.48M | $80.91M | $58.01M | $79.81M | $78.60M | $78.44M | $60.32M | $71.76M | $74.52M | $73.42M | $59.78M | $64.33M | $76.99M | $72.23M | $28.19M | $30.64M | $98.49M | $142.64M | $96.04M | $98.91M | $109.45M | $133.56M | $69.85M | $17.71M | $11.02M | $4.72M | $3.56M | $4.66M | $38.72M |
| Low Forecast | $62.66M | $70.85M | $74.95M | $53.74M | $73.94M | $72.81M | $72.67M | $55.88M | $66.48M | $69.03M | $68.02M | $56.15M | $59.59M | $71.32M | $67.78M | $26.34M | $28.39M | $91.24M | $132.13M | $88.96M | $98.91M | $102.45M | $125.02M | $65.39M | $16.58M | $10.32M | $4.41M | $3.34M | $4.36M | $36.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -0.20% | 0.87% | -0.07% | -0.39% | 0.37% | 0.44% | -0.73% | -4.64% | -4.37% | -21.08% | -13.76% | -17.31% | -0.86% |
1 analysts predict SPHR's average Quarter EBITDA for Mar 23 to be $95.85M, with a high of $98.49M and a low of $91.24M. This is -20.62% lower than Sphere Entertainment's previous annual EBITDA (Dec 22) of $120.74M.
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-56.85M | $67.58M | $-44.76M | $-99.94M | $-17.49M | $2.27M | $-86.85M | $-117.77M | $-79.61M | $-124.86M | $-89.84M | $126.63M | $-128.59M |
| Avg Forecast | $-75.32M | $-55.92M | $-55.03M | $-36.05M | $-61.66M | $-53.05M | $-45.21M | $-57.01M | $-62.81M | $-59.04M | $-18.81M | $-87.32M | $-72.45M | $-6.80M | $-17.37M | $-58.61M | $-32.76M | $-4.97M | $18.73M | $-15.28M | $-2.58M | $645.41K | $19.21M | $-18.67M | $-53.22M | $-64.98M | $-68.61M | $-60.15M | $-72.25M | $-39.10M |
| High Forecast | $-70.60M | $-52.42M | $-51.59M | $-33.79M | $-57.80M | $-49.73M | $-42.38M | $-53.44M | $-58.89M | $-55.34M | $-17.63M | $-64.43M | $-67.92M | $-6.37M | $-1.43M | $-57.06M | $-30.72M | $-4.66M | $19.40M | $-14.33M | $-2.58M | $676.54K | $20.13M | $-17.96M | $-51.20M | $-62.51M | $-66.00M | $-57.87M | $-69.51M | $-37.61M |
| Low Forecast | $-78.01M | $-57.92M | $-57.00M | $-37.34M | $-63.87M | $-54.95M | $-46.82M | $-59.05M | $-65.06M | $-61.15M | $-19.48M | $-111.06M | $-75.04M | $-7.04M | $-27.36M | $-60.47M | $-33.94M | $-5.14M | $17.56M | $-15.83M | $-2.58M | $620.89K | $18.48M | $-19.57M | $-55.79M | $-68.11M | $-71.91M | $-63.05M | $-75.74M | $-40.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.45% | 3.61% | 2.93% | 38.79% | -27.10% | 0.12% | 4.65% | 2.21% | 1.23% | 1.82% | 1.49% | -1.75% | 3.29% |
Sphere Entertainment's average Quarter net income forecast for Mar 23 is $-4.97M, with a range of $-5.14M to $-4.66M. SPHR's average Quarter net income forecast represents a -107.35% decrease compared to the company's last Quarter net income of $67.58M (Dec 22).
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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $179.87M | $182.43M | $164.41M | $187.08M | $157.60M | $162.28M | $174.84M | $109.12M | $78.32M | $74.95M | $60.33M | $84.98M | $84.19M |
| Avg Forecast | $152.20M | $172.08M | $182.05M | $130.53M | $179.59M | $176.86M | $176.51M | $135.72M | $161.47M | $167.69M | $165.21M | $134.64M | $144.75M | $173.23M | $161.83M | $62.62M | $68.95M | $221.61M | $320.95M | $216.09M | $209.79M | $223.83M | $273.14M | $142.86M | $36.22M | $22.54M | $9.64M | $7.29M | $9.53M | $79.18M |
| High Forecast | $156.39M | $176.82M | $187.06M | $134.13M | $184.54M | $181.73M | $181.37M | $139.46M | $165.92M | $172.30M | $169.76M | $138.23M | $148.74M | $178.00M | $166.99M | $65.17M | $70.85M | $227.72M | $329.79M | $222.04M | $209.79M | $232.14M | $283.28M | $148.16M | $37.56M | $23.38M | $10.00M | $7.56M | $9.89M | $82.12M |
| Low Forecast | $144.87M | $163.80M | $173.29M | $124.25M | $170.95M | $168.35M | $168.01M | $129.19M | $153.70M | $159.62M | $157.26M | $129.82M | $137.79M | $164.89M | $156.71M | $60.90M | $65.63M | $210.95M | $305.51M | $205.69M | $209.79M | $217.29M | $265.16M | $138.69M | $35.16M | $21.88M | $9.36M | $7.07M | $9.25M | $76.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 0.57% | 0.76% | 0.89% | 0.70% | 0.59% | 1.22% | 3.01% | 3.47% | 7.77% | 8.28% | 8.91% | 1.06% |
Sphere Entertainment's average Quarter SG&A projection for Jun 23 is $68.95M, based on 1 Wall Street analysts, with a range of $65.63M to $70.85M. The forecast indicates a -61.67% fall compared to SPHR last annual SG&A of $179.87M (Mar 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 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 1 | 3 | 3 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 2 | 1 | 1 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.64 | $1.95 | $-1.30 | $-2.91 | $-0.51 | $0.07 | $-2.55 | $-4.87 | $-2.34 | $-3.67 | $-2.63 | $5.27 | $-5.36 |
| Avg Forecast | $-2.12 | $-1.57 | $-1.55 | $-1.01 | $-1.73 | $-1.49 | $-1.27 | $-1.60 | $-1.77 | $-1.66 | $-0.53 | $-2.45 | $-2.04 | $-0.19 | $-0.49 | $-1.65 | $-0.92 | $-0.14 | $0.53 | $-0.43 | $-0.07 | $0.02 | $0.54 | $-0.53 | $-1.51 | $-1.84 | $-1.94 | $-1.70 | $-2.05 | $-1.11 |
| High Forecast | $-1.98 | $-1.47 | $-1.45 | $-0.95 | $-1.63 | $-1.40 | $-1.19 | $-1.50 | $-1.66 | $-1.56 | $-0.50 | $-1.81 | $-1.91 | $-0.18 | $-0.04 | $-1.60 | $-0.86 | $-0.13 | $0.55 | $-0.40 | $-0.07 | $0.02 | $0.57 | $-0.51 | $-1.45 | $-1.77 | $-1.87 | $-1.64 | $-1.97 | $-1.07 |
| Low Forecast | $-2.19 | $-1.63 | $-1.60 | $-1.05 | $-1.80 | $-1.54 | $-1.32 | $-1.66 | $-1.83 | $-1.72 | $-0.55 | $-3.12 | $-2.11 | $-0.20 | $-0.77 | $-1.70 | $-0.95 | $-0.14 | $0.49 | $-0.45 | $-0.07 | $0.02 | $0.52 | $-0.55 | $-1.58 | $-1.93 | $-2.04 | $-1.79 | $-2.15 | $-1.16 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.75% | 3.70% | 3.03% | 40.00% | -27.90% | 0.13% | 4.82% | 3.23% | 1.27% | 1.89% | 1.54% | -2.58% | 4.84% |
According to 1 Wall Street analysts, Sphere Entertainment's projected average Quarter EPS for Mar 23 is $-0.14, with a low estimate of $-0.14 and a high estimate of $-0.13. This represents a -107.16% decrease compared to SPHR previous annual EPS of $1.95 (Dec 22).
SPHR Forecast FAQ
Is Sphere Entertainment a good buy?
Yes, according to 5 Wall Street analysts, Sphere Entertainment (SPHR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 40.00% of SPHR's total ratings.
What is SPHR's price target?
Sphere Entertainment (SPHR) average price target is $46 with a range of $43 to $48, implying a 6.28% from its last price of $43.28. The data is based on 5 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 SPHR stock, the company can go up by 6.28% (from the last price of $43.28 to the average price target of $46), up by 10.91% based on the highest stock price target, and down by -0.65% based on the lowest stock price target.
Can Sphere Entertainment stock reach $60?
SPHR's average twelve months analyst stock price target of $46 does not support 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 $47 price target for Sphere Entertainment (SPHR) this month, up 8.60% from its last price of $43.28. Compared to the last 3 and 12 months, the average price target increased by 6.28% and increased by 6.28%, 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 $1.25B (high $1.29B, low $1.19B), average EBITDA is $289.21M (high $297.17M, low $275.29M), average net income is $-217M (high $-203M, low $-225M), average SG&A $668.68M (high $687.1M, low $636.5M), and average EPS is $-6.098 (high $-5.717, low $-6.317). SPHR's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.19B (high $1.23B, low $1.14B), average EBITDA is $275.45M (high $283.03M, low $262.19M), average net income is $-222M (high $-208M, low $-230M), average SG&A $636.86M (high $654.4M, low $606.21M), and average EPS is $-6.25 (high $-5.859, low $-6.474).
Did the SPHR's actual financial results beat the analysts' financial forecasts?
Based on Sphere Entertainment's last annual report (Jun 2022), the company's revenue was $1.72B, beating the average analysts forecast of $1.68B by 2.87%. Apple's EBITDA was $-16.688M, missing the average prediction of $400.58M by -104.17%. The company's net income was $-194M, beating the average estimation of $-1.399M by 13793.89%. Apple's SG&A was $681.8M, missing the average forecast of $849.63M by -19.75%. Lastly, the company's EPS was $-5.67, beating the average prediction of $-0.0394 by 14290.50%. In terms of the last quarterly report (Mar 2023), Sphere Entertainment's revenue was $363.3M, missing the average analysts' forecast of $415.32M by -12.53%. The company's EBITDA was $-19.08M, missing the average prediction of $95.85M by -119.91%. Sphere Entertainment's net income was $-56.847M, beating the average estimation of $-4.966M by 1044.66%. The company's SG&A was $179.87M, missing the average forecast of $221.61M by -18.84%. Lastly, the company's EPS was $-1.64, beating the average prediction of $-0.14 by 1074.62%