SPHR logo

Sphere Entertainment Co. Stock Price

NYSE:SPHR Community·US$4.8b Market Cap
  • 3 Narratives written by author
  • 0 Comments on narratives written by author
  • 12 Fair Values set on narratives written by author

SPHR Share Price Performance

US$136.26
92.68 (212.67%)
US$176.55
Fair Value
US$136.26
92.68 (212.67%)
22.8% undervalued intrinsic discount
US$176.55
Fair Value
Price US$136.26
AnalystConsensusTarget US$176.55
AnalystLowTarget US$150.00
AnalystHighTarget US$188.76

SPHR Community Narratives

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Fair Value US$176.55 22.8% undervalued intrinsic discount

SPHR: Artist Residencies And Audio Expansion Will Shape Measured Outlook

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Fair Value US$150 9.2% undervalued intrinsic discount

Mounting Fixed Cost Burdens And Eroding Demand Will Hurt Outlook

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Fair Value US$188.76 27.8% undervalued intrinsic discount

Immersive Experiences And Global Expansion Will Fuel A New Era

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2users have followed this narrative
US$150
9.2% undervalued intrinsic discount
Revenue
2.61% p.a.
Profit Margin
10.91%
Future PE
43.67x
Price in 2029
US$194
US$188.76
27.8% undervalued intrinsic discount
Revenue
2.94% p.a.
Profit Margin
11.1%
Future PE
53.53x
Price in 2029
US$244.37

Trending Discussion

No trending discussion available.

Updated Narratives

SPHR logo

SPHR: Future Venues And Expanded Content Slate Will Support Earnings Durability

Fair Value: US$176.55 22.8% undervalued intrinsic discount
7 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
SPHR logo

SPHR: Expanded Immersive Slate And New Venues Will Test Fair Valuation

Fair Value: US$150 9.2% undervalued intrinsic discount
0 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
SPHR logo

SPHR: Future Venue Expansion And Rising Profitability Expectations Will Drive Returns

Fair Value: US$188.76 27.8% undervalued intrinsic discount
2 users have set this as their fair value
0 users have commented on this narrative
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Snowflake Analysis

Fair value with mediocre balance sheet.

2 Risks
3 Rewards

Sphere Entertainment Co. Key Details

US$1.3b

Revenue

US$594.8m

Cost of Revenue

US$731.1m

Gross Profit

US$617.3m

Other Expenses

US$113.8m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Jul 30, 2026
3.18
55.14%
8.58%
36.1%
View Full Analysis

About SPHR

Founded
2006
Employees
2200
CEO
James Dolan
WebsiteView website
www.sphereentertainmentco.com

Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local games and other programming. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.

Recent SPHR News & Updates

Narrative Update Jul 22

SPHR: Future Venues And Expanded Content Slate Will Support Earnings Durability

Analysts raised the average price target for Sphere Entertainment to about $176.55 from roughly $170.67, citing updated models that reflect steady demand for live events, new Sphere content announcements, and growing confidence in the long term potential of future Sphere venues and productions. Analyst Commentary Recent research on Sphere Entertainment points to a generally constructive stance, with price target changes tied closely to expectations around the live events business, the Sphere segment, and the company’s growing content slate.
Seeking Alpha Jul 18

Sphere Entertainment: Too Many Unanswered Questions

Summary Sphere Entertainment Co. is rated Sell due to high capital intensity, uncertain franchise strategy, and lack of proven profitability. SPHR’s proprietary technology and content creation capabilities create a strong moat, but scalability and demand for additional spheres remain unproven. Financials are pressured by $330M annual depreciation and the loss of MSG Networks’ cash flow following its restructuring. SPHR trades at a premium to peers when stripping out MSG Networks, with significant uncertainty around future earnings and franchise economics. Read the full article on Seeking Alpha

Recent updates

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