Morgan Stanley upgraded Sphere Entertainment Co (SPHR) to Overweight from Equal-Weight on December 17, 2025. The stock is currently priced at $89.75.
This upgrade reflects a more optimistic outlook on Sphere's prospects in the media industry. The company's focus on live entertainment and multi-sensory experiences positions it well for growth. Sphere Entertainment Co, headquartered in New York City, provides a range of live events, including concerts and corporate gatherings, through its innovative venue.
The firm operates two segments: Sphere and MSG Networks. The Sphere segment is designed to create immersive entertainment experiences, while MSG Networks delivers local sports content, including games from the New York Knicks and New York Rangers.
As of December 1, 2025, the analyst consensus on Sphere is a Buy, with 4 Strong Buy, 8 Buy, 4 Hold, and 1 Sell ratings among 17 analysts. Recent earnings reports have shown improvements, including a Q3 2025 EPS of -0.99, surpassing expectations of -1.78 by 44.4%.
Analyst ratings can evolve as new data emerges, and they should be considered alongside other factors when making investment decisions.