Sphere Entertainment (SPHR) Stock Price, News & Analysis

Company Overview

Sphere Entertainment Co. (NYSE: SPHR) is a publicly traded company focused on the development and operation of large-scale immersive entertainment venues. Established as a standalone entity in early 2023 following its separation from Madison Square Garden Entertainment, Sphere leverages cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences. The company’s flagship venue in Las Vegas showcases its core capabilities, while additional projects are in various stages of development around the world.

At the Las Vegas Sphere, Sphere Entertainment has installed one of the largest LED display surfaces on the planet, wrapping audiences in 16K resolution imagery and spatial audio powered by proprietary sound systems. This venue hosts live concerts, film premieres, sporting spectacles and bespoke multimedia shows, collaborating with leading artists, production studios and event promoters. In addition to ticketed performances, the Sphere offers customized corporate and brand activations designed to engage audiences through fully integrated digital environments.

Beyond Nevada, Sphere Entertainment is advancing a second venue project in London’s Battersea district, with further site selections under consideration in Asia and Europe. These expansions are intended to replicate the immersive framework of the Las Vegas Sphere while tailoring content and technical specifications to local markets. Each new Sphere is planned to include adaptable stage configurations, high-fidelity audio arrays and flexible programming capabilities to accommodate a broad range of entertainment formats.

Underpinning its venue operations is a strategic emphasis on proprietary technology development and content partnerships. Sphere Entertainment collaborates with software designers, multimedia artists and technology integrators to refine its visual and acoustic platforms. By combining venue ownership with in-house content production and third-party programming, the company aims to establish a sustainable model for immersive live entertainment on a global scale.

Key Stats

• Today's Range: $162.13 to $170.00
• 50-Day Range: $127.06 to $173.40
• 52-Week Range: $37.89 to $174.60
• Volume: 679,283 shs
• Average Volume: 709,526 shs
• Market Capitalization: $5.81 billion
• P/E Ratio: 91.90
• Dividend Yield: N/A
• Price Target: $151.15
• Consensus Rating: Moderate Buy

Sphere Entertainment Stock Analysis - MarketRank™

Sphere Entertainment scored higher than 25% of companies evaluated by MarketBeat, and ranked 205th out of 270 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sphere Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.85, and is based on no strong buy ratings, 11 buy ratings, 2 hold ratings, and no sell ratings.

Downside Risk

Sphere Entertainment has a consensus price target of $151.15, representing about 7.6% downside from its current price of $163.58.

Amount of Analyst Coverage

Sphere Entertainment has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Sphere Entertainment are expected to grow in the coming year, from ($2.44) to ($1.95) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sphere Entertainment is 91.90, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 40.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sphere Entertainment is 91.90, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 20.70.

Price to Book Value per Share Ratio

Sphere Entertainment has a P/B Ratio of 2.60. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

27.12% of the float of Sphere Entertainment has been sold short.

Short Interest Ratio / Days to Cover

Sphere Entertainment has a short interest ratio ("days to cover") of 10.39, which indicates bearish sentiment.

Change versus previous month

Short interest in Sphere Entertainment has recently increased by 4.49%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sphere Entertainment does not currently pay a dividend.

Dividend Growth

Sphere Entertainment does not have a long track record of dividend growth.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.38

News Sentiment

Sphere Entertainment has a news sentiment score of 0.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Sphere Entertainment this week, compared to 4 articles on an average week.

Search Interest

Only 2 people have searched for SPHR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

3 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.4 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sphere Entertainment insiders have not sold or bought any company stock.

Percentage Held by Insiders

22.07% of the stock of Sphere Entertainment is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

92.03% of the stock of Sphere Entertainment is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 5/05/2026
• Today: 7/04/2026
• Next Earnings (Estimated): 8/06/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Discretionary
• Industry: MEDIA CONGLOM
• Sub-Industry: Entertainment
• Current Symbol: NYSE:SPHR
• CIK: 1795250
• Web: www.msgentertainment.com
• Phone: 212-465-6000
• Fax: N/A
• Employees: 3,300
• Year Founded: 2019

Price Target and Rating

• Average Price Target for Sphere Entertainment: $151.15
• High Price Target: $200.00
• Low Price Target: $100.00
• Potential Upside/Downside: -7.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.85
• Research Coverage: 13 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.78
• Trailing P/E Ratio: 91.90
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $33.40 million
• Net Margins: 8.05%
• Pretax Margin: 12.00%
• Return on Equity: -5.07%
• Return on Assets: -2.70%

Debt

• Debt-to-Equity Ratio: 0.33
• Current Ratio: 1.22
• Quick Ratio: 1.22

Sales & Book Value

• Annual Sales: $1.22 billion
• Price / Sales: 4.76
• Cash Flow: $5.21 per share
• Price / Cash Flow: 31.38
• Book Value: $62.92 per share
• Price / Book: 2.60

Miscellaneous

• Outstanding Shares: 35,500,000
• Free Float: 27,667,000
• Market Cap: $5.81 billion
• Optionable: Not Optionable
• Beta: 1.61