BTIG Upgrades Sphere Entertainment to Buy with $110 Price Target, Signaling Growth Potential
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 22 2026
0mins
Source: CNBC
- Price Target Upgrade: BTIG upgraded Sphere Entertainment from neutral to buy with a new price target of $110, approximately 18% above Wednesday's close, reflecting confidence in the company's long-term growth strategy.
- Significant Revenue Potential: The company plans to build a second venue in Washington, D.C., which could generate between $30 million to $50 million in high-margin revenue annually, enhancing its competitive position in the live entertainment market.
- Positive Market Reaction: Following the upgrade, Sphere's stock rose over 3%, indicating investor approval of the company's strategy to expand its global venue network, complementing existing locations in Las Vegas and Abu Dhabi.
- Strong Analyst Support: Of the 11 analysts covering Sphere, 8 have assigned buy or strong buy ratings, demonstrating widespread optimism about the company's future growth and reinforcing investor confidence.
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Analyst Views on MSGE
Wall Street analysts forecast MSGE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSGE is 59.17 USD with a low forecast of 47.00 USD and a high forecast of 64.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 60.160
Low
47.00
Averages
59.17
High
64.00
Current: 60.160
Low
47.00
Averages
59.17
High
64.00
About MSGE
Madison Square Garden Entertainment Corp. is a live entertainment company. The Company's portfolio includes a collection of venues - New York's Madison Square Garden, The Theater at Madison Square Garden, Radio City Music Hall, and Beacon Theatre; and The Chicago Theatre - that showcase a range of sporting events, concerts, family shows, and special events. In addition, the Company features the original production, the Christmas Spectacular Starring the Radio City Rockettes. In addition, the Company hosts two of the franchises in professional sports - the National Basketball Association’s Knicks and the National Hockey League’s Rangers. The Company also promotes, produces and/or presents a range of live sporting events, including professional boxing, college basketball, college hockey, professional bull riding, mixed martial arts, esports and wrestling. It conducts a significant portion of its operations at venues that it either owns or operates under long-term leases.
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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