Empire State Building Launches 'KPOP DEMON HUNTERS' Music-to-Light Show and Cast Appearance, Collaborating with Netflix, CAPE USA, and iHeartMedia | Intellectia.AI
Empire State Building Launches 'KPOP DEMON HUNTERS' Music-to-Light Show and Cast Appearance, Collaborating with Netflix, CAPE USA, and iHeartMedia
Written by Emily J. Thompson, Senior Investment Analyst
Event Announcement: The Empire State Building launched a Music-to-Light Spectacular to celebrate the "KPOP DEMON HUNTERS" film, featuring stars Arden Cho, May Hong, and singer REI AMI flipping the light switch during a special ceremony.
Show Details: The music-to-light show premiered on August 22 at 9 p.m., synchronized with the film's hit song "Golden," broadcasted by iHeartMedia New York's Z100, and concluded with the building illuminated in gold.
Film Success: "KPOP DEMON HUNTERS" is Netflix's most-watched animated original film and features the song "Golden," which made history as the first single by a female K-pop artist to top the Billboard Hot 100.
Empire State Building Highlights: The building is renowned for its observatory experience, powered by renewable energy, and has been recognized as a top attraction in New York City, welcoming millions of visitors annually.
ESRT
$6.98+Infinity%1D
Analyst Views on ESRT
Wall Street analysts forecast ESRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESRT is 9.46 USD with a low forecast of 8.30 USD and a high forecast of 11.00 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.
5 Analyst Rating
Wall Street analysts forecast ESRT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESRT is 9.46 USD with a low forecast of 8.30 USD and a high forecast of 11.00 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.
2 Buy
2 Hold
1 Sell
Hold
Current: 7.030
Low
8.30
Averages
9.46
High
11.00
Current: 7.030
Low
8.30
Averages
9.46
High
11.00
Wells Fargo
Underweight
downgrade
2025-11-25
Reason
Wells Fargo
Price Target
2025-11-25
downgrade
Underweight
Reason
Wells Fargo lowered the firm's price target on Empire State Realty to $6.80 from $8.30 and keeps an Underweight rating on the shares. The firm says that despite a few high-profile exceptions, most REITs delivered Q3 2025 earnings and outlooks reflecting healthy operating conditions despite macro and labor market concerns.
About ESRT
Empire State Realty Trust, Inc. is a real estate investment trust (REIT), which owns and operates a portfolio of office, retail and multifamily assets. The Company’s portfolio consists of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. Its office portfolio included 10 properties. Nine of these office properties are located in midtown Manhattan and encompass over 7.6 million rentable square feet of office space and 0.5 million rentable square feet of retail space, including the Empire State Building. The Company’s segments include Real Estate and an Observatory. The Real Estate segment includes all activities related to the ownership, management, operation, acquisition, repositioning and disposition of its office, retail and multifamily assets principally located in New York City. The Observatory segment operates the 86th and 102nd floor observatories in the Empire State Building.
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.
