Sphere Entertainment (SPHR), What Is Behind The Fresh Attention? - Simply Wall Street

Sphere Entertainment Co. (NYSE:SPHR - Get Free Report) shares rose 4.7% on Thursday. The stock traded as high as $110.76 and last traded at $111.2330. 298,056 shares were traded during mid-day trading, a decline of 61% from the average session volume of 769,718 shares. The stock had previously closed at $106.24. Get Sphere Entertainment alerts:Wall Street Analyst Weigh InCheap Thrills: Why These 3 Entertainment Stocks Are SoaringSeveral brokerages have recently weighed in on SPHR. The Goldman Sachs Group lifted their price target on shares of Sphere Entertainment from $150.00 to $189.00 and gave the stock a "buy" rating in a research note on Wednesday, July 8th. Craig Hallum cut Sphere Entertainment from a "buy" rating to a "hold" rating and set a $132.00 target price on the stock. in a report on Monday. Guggenheim lifted their target price on Sphere Entertainment from $193.00 to $208.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Piper Sandler began coverage on Sphere Entertainment in a report on Thursday, August 20th. They set an "overweight" rating and a $185.00 price target for the company.

Sphere Entertainment Co. (NYSE:SPHR - Get Free Report)'s share price dropped 5.9% during trading on Thursday. The stock traded as low as $128.08 and last traded at $126.5650. Approximately 120,165 shares changed hands during trading, a decline of 84% from the average session volume of 741,510 shares. The stock had previously closed at $134.44. Get Sphere Entertainment alerts:Analysts Set New Price TargetsCheap Thrills: Why These 3 Entertainment Stocks Are SoaringSeveral research firms have weighed in on SPHR. Seaport Research Partners reiterated a "buy" rating and set a $191.00 target price on shares of Sphere Entertainment in a report on Thursday, August 13th. JPMorgan Chase & Co. lowered their price target on Sphere Entertainment from $165.00 to $164.00 and set an "overweight" rating for the company in a report on Friday, July 31st. BTIG Research reaffirmed a "buy" rating on shares of Sphere Entertainment in a research report on Monday. Weiss Ratings reiterated a "hold (c)" rating on shares of Sphere Entertainment in a report on Friday, September 18th.

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