JP Morgan Maintains Neutral on Sphere Entertainment, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst David Karnovsky has maintained a Neutral rating on Sphere Entertainment (NYSE:SPHR) and increased the price target from $28 to $33.
November 14, 2023 | 6:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
JP Morgan analyst David Karnovsky maintains a Neutral rating on Sphere Entertainment but raises the price target from $28 to $33.
The increase in price target by JP Morgan suggests a positive outlook on the company's value, which could lead to a short-term increase in the stock price as the market adjusts to the new target. However, the Neutral rating indicates that the analyst does not see significant upside or downside potential from the current price level.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100