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Shares of Sphere Entertainment Co (SPHR) recently traded above the average analyst 12-month target price of $53.55, reaching $54.63 per share. This marks a significant point for investors, indicating a potential need for analysts to either downgrade their valuation or raise their target prices based on the company’s performance.
There are 11 analysts contributing to the average target price, with predictions ranging from a low of $35.00 to a high of $75.00, resulting in a standard deviation of $13.866. Currently, the breakdown of analyst ratings includes 7 strong buys, 4 holds, and 1 strong sell, reflecting an average rating of 2.0 on a scale where 1 indicates a strong buy and 5 a strong sell.
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