Sep. 2 at 11:57 PM
Guggenheim analyst Curry Baker raised Sphere Entertainment’s price target to
$208 from
$193 while maintaining a Buy rating, citing upcoming content launches and new venues as catalysts that could outweigh recent weakness. Shares had been under pressure for about two weeks amid soft August Ticketmaster data and slower Las Vegas tourism.
A key catalyst is the Sept. 25 debut of an enhanced “Wonders of the World” immersive experience featuring expanded 4D effects, new scenes, scents and pyrotechnics, with tickets available into early 2027. Citizens also reiterated an Outperform rating with a
$200 target, highlighting Sphere’s long-term expansion plan toward five operating venues and another five under construction over the next five to six years.
The analyst support helped restore confidence after the stock’s roughly 15% decline over the prior two weeks. Shares rose about 5.5% to
$140.63, supported by a broader market rally, while remaining below the 52-week high of
$181.63.
$SPHR