Sphere Entertainment downgraded to Sell from Hold at Benchmark
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
0mins
Should l Buy SPHR?
- Downgrade Announcement: Benchmark has downgraded Sphere Entertainment's rating from Hold to Sell.
- Market Implications: This change suggests a negative outlook on the company's performance moving forward.
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Analyst Views on SPHR
Wall Street analysts forecast SPHR stock price to fall
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 106.580
Low
45.00
Averages
91.80
High
106.00
Current: 106.580
Low
45.00
Averages
91.80
High
106.00
About SPHR
Sphere Entertainment Co. is a live entertainment and media company. The Company's segments include Sphere and MSG Networks. Its Sphere segment is an entertainment medium powered by technologies to create multi-sensory experiences. Its venue can host a variety of events year-round, including The Sphere Experience, which features original immersive productions, as well as concerts and residencies from artists, and marquee sports and corporate events. Production efforts are supported by Sphere Studios. Its MSG Networks segment operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a range of live sports content and other programming. The MSG Networks segment features a range of sports content, including exclusive live local games and other programming of the New York Knicks of the NBA and the New York Rangers, New York Islanders, New Jersey Devils and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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