Sphere Entertainment Co.
SPHR Mid CapCommunication Services · Entertainment
Updated: Jun 14, 2026, 22:19 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
Sphere Entertainment Co. operates as a live entertainment and media company in the United States. It operates through two segments, Sphere and MSG Networks. The Sphere segment offers entertainment medium powered by technologies to create multi-sensory experiences. The MSG Networks segment provides regional sports and entertainment networks; direct-to-consumer and authenticated streaming products, as well as sports content, including live local games and other programming. The company was formerly known as Madison Square Garden Entertainment Corp. and changed its name to Sphere Entertainment Co. in April 2023. Sphere Entertainment Co. was founded in 2006 and is based in New York, New York.
Sphere Entertainment Co. Stock at a Glance
Sphere Entertainment Co. (SPHR) is currently trading at $153.25 with a market capitalization of $5.5B. The trailing P/E ratio stands at 51.6x. The 52-week range spans from $37.89 to $154.57; the current price is 0.9% below the yearly high. Year-over-year revenue growth stands at +37.7%. The net profit margin stands at 8.58%.
💰 Dividend
Sphere Entertainment Co. currently does not pay a dividend. The company typically reinvests its earnings into growth initiatives and product development.
📊 Analyst Rating
12 analysts rate Sphere Entertainment Co. (SPHR) on consensus: None. The average price target is $163.17, implying +6.47% from the current price. Analyst price targets range from $150.00 to $190.00.
Sphere Entertainment Co.: The Investment Case in Detail
Sphere Entertainment Co. (SPHR) operates in the Communication Services — specifically Entertainment — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
Top-line momentum is unusually strong with revenue expanding 37.7% year-over-year, a pace that puts the company well above the market average and signals genuine demand traction rather than mere cyclical tailwind.
The Bear Case
Short interest sits at 35.58% of float — a meaningful contingent of professionals is positioned for the share to fall, which deserves attention even if their thesis may turn out to be wrong. Our valuation screen flags the stock as overvalued — current multiples imply the business needs to deliver well above its recent trajectory to justify the price.
What to Watch Next
- The share is trading at 98.9% of its 52-week range — a break above the recent high opens technical upside, a failure here often invites profit-taking.
Investment Thesis: Strengths & Weaknesses
- Strong revenue growth of 37.7% YoY
- High gross margin of 55.14% — indicates pricing power
- Solid balance sheet with low debt (D/E 41.74)
- Positive free cash flow
- –High valuation multiple (P/E 51.6x)
- –Currently flagged as overvalued
- –High short interest (35.58%)
- –Price near 52-week high — limited upside cushion
Technical Snapshot
Price trades above both the 50- and 200-day moving averages, with 50d above 200d — a classic bullish setup (golden-cross alignment).
Risk Profile
The data points to above-average price swings, elevated short interest (35.58%).
Trading Data
Related Stocks in the Same Sector
More Communication Services stocks
Top peers in the same sector — ranked by market cap.
Where can I buy Sphere Entertainment Co.?
Compare top-rated brokers — low fees, trusted providers, fully regulated.
Live Market Data
Real-time chart, financials, earnings, analysts, insider trades, events & news