Sphere Entertainment Proposes Second Venue in Maryland with $200M Investment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: seekingalpha
- New Venue Proposal: Sphere Entertainment, in collaboration with the State of Maryland, Prince George's County, and Peterson Companies, has announced plans to build a second Sphere venue in National Harbor, Maryland, with a projected cost of approximately $200 million, significantly less than the $2.3 billion spent on the original venue in Nevada.
- Economic Impact: The new venue is expected to create about 2,500 jobs during the construction phase and 4,750 jobs once operational, contributing over $1 billion annually to the local economy, highlighting the project's positive economic implications.
- Technological Features: The venue will feature advanced technologies similar to those in Las Vegas, including a 16K × 16K
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Analyst Views on SPHR
Wall Street analysts forecast SPHR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPHR is 91.80 USD with a low forecast of 45.00 USD and a high forecast of 106.00 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.
12 Analyst Rating
7 Buy
4 Hold
1 Sell
Moderate Buy
Current: 96.350
Low
45.00
Averages
91.80
High
106.00
Current: 96.350
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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