Bank of America Raises Sphere Entertainment Price Target to $132

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Bank of America analysts have increased their price target for Sphere Entertainment (NYSE:SPHR) shares from $110 to $132, maintaining a 'neutral' rating on the stock. The new target price represents a potential upside of 1.09% from the stock's current trading price. Several other analysts have also recently issued reports on Sphere Entertainment, with price targets ranging from $91 to $160.

Why it matters

Sphere Entertainment is a publicly traded company focused on developing and operating large-scale immersive entertainment venues, including its flagship venue in Las Vegas. The increase in the Bank of America price target suggests analysts see potential upside in the company's stock, which could signal growing investor interest and confidence in Sphere Entertainment's business model and growth prospects.

The details

Bank of America analysts cited Sphere Entertainment's recent financial performance and growth initiatives as factors behind the price target increase. The company reported strong quarterly results in February, with revenue up 27.9% year-over-year. Sphere Entertainment is leveraging cutting-edge audiovisual technologies to create next-generation concert, film and cultural experiences at its venues.

• Bank of America issued the updated price target and rating on Thursday, April 9, 2026.
• Sphere Entertainment reported its latest quarterly earnings on Thursday, February 12, 2026.

What’s next

Investors will be closely watching Sphere Entertainment's future financial results and any updates on the company's growth initiatives and new venue developments to gauge the potential impact on the stock price.