On March 30, 2026, Citizens initiated coverage of Sphere Entertainment (NYSE:SPHR) with a “Market Outperform” recommendation, projecting a 20.37% upside. The average one-year price target is $128.52 per share, ranging from a low of $101.00 to a high of $157.50. This represents a potential increase from the latest closing price of $106.77 per share.
Sphere Entertainment’s projected annual revenue is $1.377 billion, an increase of 12.86%. Institutional ownership saw a decrease of 29.57% over the last quarter, with 324 funds now reporting positions. The total shares owned by institutions have dropped by 17.79% to 33.604 million shares, while the average portfolio weight dedicated to SPHR has increased by 58.80%.
Key shareholders include Ariel Investments with 3.169 million shares (11.07% ownership), down 89.18%, and Jericho Capital Asset Management with 2.606 million shares (9.10% ownership), down by 3.84% but increasing their portfolio allocation by 61.36% over the last quarter.
