Susquehanna Reiterates Buy Rating on Sphere Entertainment Co.
Susquehanna maintains its buy rating for SPHR, setting a $182 price target, a 15.04% upside from the current price.
Key Points
- Susquehanna reiterated its buy rating for Sphere Entertainment Co. with a target price of $182 on June 18, 2026.
- Susquehanna's $182 price target implies 15.04% upside from Sphere Entertainment Co.'s ($SPHR) current $158.20 share price.
- Sphere Entertainment Co. (NYSE:SPHR) trades at $152.35 with a market cap of about $5.45 billion and a P/E ratio of 51.3.
- Insider purchases and institutional activity show significant interest, with BlackRock and others adjusting their positions.
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Susquehanna has reiterated its buy rating for Sphere Entertainment Co. (NYSE:SPHR) with a price target of $182. This update came on June 18, 2026, as analyst Joseph Stauff maintained his positive outlook on the stock.
Other Institutional Activity in Sphere Entertainment Co.
BlackRock, Inc. significantly increased its holdings in Sphere Entertainment Co., adding 1,848,799 shares to reach a total of 3,907,941 shares valued at approximately $458.8 million. Meanwhile, Jericho Capital Asset Management L.P. held steady with 2,605,615 shares worth about $305.9 million. Ariel Investments, LLC reduced its position by 706,225 shares, ending with 2,462,309 shares valued at $289.1 million. Morgan Stanley also increased its stake by 125,124 shares, bringing its total to 2,046,988 shares valued at $240.3 million.
Sphere Entertainment Co. Stock Up 11.7%
Shares of Sphere Entertainment Co. (NYSE:SPHR) are currently trading at $152.35. The company has a market capitalization of approximately $5.45 billion and a P/E ratio of 51.3. Over the past year, the stock has ranged from a low of $37.89 to a high of $160.36. The 50-day moving average is $136.86, while the 200-day moving average is $98.92. Sphere Entertainment has a beta of 1.645, indicating higher volatility compared to the market.
Recent Earnings
Sphere Entertainment Co. reported revenues of $1.33 billion, reflecting a growth of 37.7%. The company has a net margin of 8.58% and a return on equity of 5.46%. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Sphere Entertainment Co.
Several insiders made stock purchases on June 10, 2026. Thomas Isiah III, Paul Joseph Dolan, Vincent Tese, Kristin Dolan, Brian Sweeney, and Marianne Dolan Weber each acquired 1,173 shares, while Kristin Dolan bought 1,723 shares. These transactions were not under a Rule 10b5-1 plan.
Analysts Set New Price Targets
On June 18, 2026, Susquehanna maintained its buy rating for Sphere Entertainment Co. with a target price of $182. Benchmark also reiterated its buy rating with a target of $175, while Citizens maintained a buy rating with a $200 target on June 17, 2026. The consensus among analysts is a buy recommendation, with a mean target price of $163.17 based on 12 opinions.
About Sphere Entertainment Co.
Sphere Entertainment Co., headquartered in New York, NY, operates as a live entertainment and media company. It has two main segments: Sphere, which focuses on creating multi-sensory experiences, and MSG Networks, which provides regional sports and entertainment networks. The company, led by CEO James Lawrence Dolan, employs around 1,100 people.
Bottom Line
Susquehanna's reaffirmation of its buy rating on Sphere Entertainment Co. underscores the analyst's confidence in the company's outlook. Investors often watch such analyst updates closely, as they can influence market perceptions. It's important to remember that these analyst ratings are based on past data and projections, and actual future performance can vary.
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