Morgan Stanley Maintains Sphere Entertainment (SPHR) Equal-Weight Recommendation
Fintel reports that on November 3, 2025, Morgan Stanley maintained coverage of Sphere Entertainment (NYSE:SPHR) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 3.22% Downside
As of October 29, 2025, the average one-year price target for Sphere Entertainment is $64.16/share. The forecasts range from a low of $35.35 to a high of $84.00. The average price target represents a decrease of 3.22% from its latest reported closing price of $66.29 / share.
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The projected annual revenue for Sphere Entertainment is 1,348MM, an increase of 29.50%. The projected annual non-GAAP EPS is 0.19.
What is the Fund Sentiment?
There are 436 funds or institutions reporting positions in Sphere Entertainment. This is an increase of 20 owner(s) or 4.81% in the last quarter. Average portfolio weight of all funds dedicated to SPHR is 0.12%, an increase of 21.95%. Total shares owned by institutions increased in the last three months by 0.68% to 42,902K shares. 
The put/call ratio of SPHR is 0.52, indicating a bullish outlook.
What are Other Shareholders Doing?
Ariel Investments holds 7,100K shares representing 24.37% ownership of the company. In its prior filing, the firm reported owning 6,298K shares , representing an increase of 11.30%. The firm increased its portfolio allocation in SPHR by 38.92% over the last quarter.
ARGFX - Ariel Fund Investor Class holds 2,877K shares representing 9.87% ownership of the company. In its prior filing, the firm reported owning 2,333K shares , representing an increase of 18.90%. The firm increased its portfolio allocation in SPHR by 60.12% over the last quarter.
Jericho Capital Asset Management holds 2,806K shares representing 9.63% ownership of the company. No change in the last quarter.
Point72 Asset Management holds 1,288K shares representing 4.42% ownership of the company. In its prior filing, the firm reported owning 1,255K shares , representing an increase of 2.52%. The firm increased its portfolio allocation in SPHR by 12.70% over the last quarter.
Steadfast Capital Management holds 1,246K shares representing 4.28% ownership of the company. In its prior filing, the firm reported owning 1,116K shares , representing an increase of 10.38%. The firm decreased its portfolio allocation in SPHR by 4.18% over the last quarter.
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This story originally appeared on Fintel.