Sphere Entertainment (SPHR) Stock Price, News & Analysis

Company Overview

Sphere Entertainment Co. is an entertainment and media company focused on immersive live experiences, venue operations and regional sports and entertainment programming. The company’s primary business is Sphere, a next-generation venue in Las Vegas, Nevada, designed to host concerts, residencies, films and other events using large-scale LED displays, advanced audio systems and immersive visual technologies.

Sphere Entertainment develops and presents original content for the venue, including immersive films and entertainment productions, while also generating revenue from ticketed events, hospitality, advertising, sponsorships and related partnerships. The company has positioned the Sphere concept as a platform that could be extended to additional markets, although its Las Vegas venue remains the central component of its operations.

The company also owns MSG Networks, a regional sports and entertainment media business serving viewers primarily in the New York metropolitan area and surrounding regions. MSG Networks distributes live sports and other programming through cable, satellite and digital platforms. Sphere Entertainment was separated from Madison Square Garden Entertainment in 2023, and James L. Dolan serves as the company’s executive chairman and chief executive officer.

Key Stats

• Today's Range: $136.67 to $142.24
• 50-Day Range: $133.46 to $175.91
• 52-Week Range: $57.01 to $181.63
• Volume: 403,453 shs
• Average Volume: 535,009 shs
• Market Capitalization: $5.08 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $166.00
• Consensus Rating: Moderate Buy

Sphere Entertainment Stock Analysis - MarketRank™

Sphere Entertainment scored higher than 41% of companies evaluated by MarketBeat, and ranked 142nd out of 246 stocks in the communication services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.8 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sphere Entertainment has received a consensus rating of Moderate Buy. The company's average rating score is 2.86, and is based on no strong buy ratings, 12 buy ratings, 2 hold ratings, and no sell ratings.

Upside Potential

Sphere Entertainment has a consensus price target of $166.00, representing about 17.3% upside from its current price of $141.47.

Amount of Analyst Coverage

Sphere Entertainment has been the subject of 7 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 ($2.34) to ($1.97) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sphere Entertainment is -52.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sphere Entertainment is -52.79, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Sphere Entertainment has a P/B Ratio of 2.25. 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

23.06% 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 12.78, which indicates bearish sentiment.

Change versus previous month

Short interest in Sphere Entertainment has recently increased by 1.94%, 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: 0.33

News Sentiment

Sphere Entertainment has a news sentiment score of 0.33. 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 0.56 average news sentiment score of Communication Services companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Sphere Entertainment this week, compared to 4 articles on an average week.

Search Interest

Only 3 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

Only 1 people have added Sphere Entertainment to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 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: 7/30/2026
• Today: 9/27/2026
• Next Earnings (Estimated): 11/03/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Communication Services
• Industry: Entertainment
• Sub-Industry: Movies & Entertainment
• Current Symbol: NYSE:SPHR
• CIK: 1795250
• Web: www.sphereentertainmentco.com
• Phone: (725) 258-0001
• Fax: N/A
• Employees: 3,300
• Year Founded: 2019

Price Target and Rating

• Average Price Target for Sphere Entertainment: $166.00
• High Price Target: $208.00
• Low Price Target: $100.00
• Potential Upside/Downside: +17.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.86
• Research Coverage: 14 Analysts

Profitability

• EPS (Trailing Twelve Months): ($2.68)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $33.40 million
• Net Margins: -6.19%
• Pretax Margin: -13.26%
• Return on Equity: -1.38%
• Return on Assets: -0.74%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: 1.22
• Quick Ratio: 1.22

Sales & Book Value

• Annual Sales: $1.22 billion
• Price / Sales: 4.16
• Cash Flow: $5.23 per share
• Price / Cash Flow: 27.04
• Book Value: $62.92 per share
• Price / Book: 2.25

Miscellaneous

• Outstanding Shares: 35,910,000
• Free Float: 27,988,000
• Market Cap: $5.08 billion
• Optionable: Not Optionable
• Beta: 1.62