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Seaport Global Reaffirms Their Buy Rating on Sphere Entertainment (SPHR)
In a report released today, David Joyce from Seaport Global maintained a Buy rating on Sphere Entertainment, with a price target of $173.00.
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Joyce covers the Communication Services sector, focusing on stocks such as Madison Square Garden Sports, Roku, and Sphere Entertainment. According to TipRanks, Joyce has an average return of 16.6% and a 63.02% success rate on recommended stocks.
Currently, the analyst consensus on Sphere Entertainment is a Strong Buy with an average price target of $169.70.
Based on Sphere Entertainment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $386.41 million and a net profit of $4.46 million. In comparison, last year the company earned a revenue of $280.57 million and had a GAAP net loss of $81.95 million