Sphere Entertainment Co. (SPHR) shares fell 1.1% to $107.68 as of November 5, 2026, a modest decline from the prior close of $108.85. BestStocks flagged the session as a major change for SPHR. The move is tied to an earnings miss. Below, we break down what changed for SPHR, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
Earnings Miss
Sphere Entertainment Co. (SPHR) reported EPS of −$4.84 vs. −$1.66 consensus estimate, missing by 191.6% for the period announced 2026-11-05. Monitor for management guidance or 8-K filings clarifying whether the miss reflects temporary headwinds or structural challenges at the Las Vegas venues.
This summary describes the catalyst and move as first detected on Nov 5, 2026, 10:08 AM EST; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
Material / EarningsLow confidence
Rel. volume
0.5×
Below Avg
Vs peers
—
No comparable peers
Market cap
$3.9B
New York Stock Exchange
Analyst target
$170
+58.1% vs price
Price chart
Oct 5 – Nov 5
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Sphere Entertainment Co. investors
For Sphere Entertainment Co. investors, the recent signals add up to a bearish shift. On the constructive side: Positive price momentum. Weighing against that: Earnings missed expectations; Negative session, down 1.1%. Wall Street's consensus price target sits at $170.20, implying +58.1% upside from $107.68. BestStocks rates the overall signal quality low (49/100). With earnings due imminently, the next report is the most likely near-term test of the move.
SPHR price reaction
SPHR last traded at $107.68, down $1.17 (-1.07%) from the previous close of $108.85. The session traded on 0.5× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $102.46 and $114.73, and it currently sits about 43% of the way up that band.
Bullish and bearish analyst opinions on Sphere Entertainment Co. (SPHR)
▼Latest catalyst·a bearish counterpoint
The latest catalyst — an earnings miss — a bearish counterpoint that challenges the prevailing bullish analyst view.
The consensus analyst price target on Sphere Entertainment Co. (SPHR) is $170.20, 58.1% above the recent $107.68. Over the past 90 days analysts logged 0 upgrades, 7 maintains, and 0 downgrades. Here is how the bullish and bearish cases on SPHR line up.
▲ The bullish case
+Wall Street's consensus price target of $170.20 implies +58.1% upside from $107.68.
+The Street's most bullish target is $200.00 (+85.7%).
+Positive price momentum.
▼ The bearish case
−Earnings missed expectations.
−Negative session, down 1.1%.
−Sphere Entertainment Co. (SPHR) moved -5.49% from $144.98 to $137.02 on 2026-07-14.
−SPHR moved -7.50% from $163.79 to $151.51 on 2026-07-06.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Nov 5, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Sphere Entertainment Co. (SPHR) filed an 8-K on November 5, 2026. The audit did not disclose the specific event or disclosure contents.
Material / Earnings2026-11-02-3.8%
Sphere Entertainment Co. (SPHR) moved -6.84% from $112.69 to $104.99 on 2026-11-02. We checked news, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume was 1.8x the 5-day average, modestly elevated.
News2026-10-30-3.5%
SPHR scheduled Q3 2026 earnings conference call for November 5, 2026 at 11:00 a.m. ET.
Filings2026-10-27+3.9%
Sphere Entertainment Co. (SPHR) filed an 8-K on October 27, 2026.
Guggenheim Securities maintained its Buy rating on Sphere Entertainment despite trimming its price target from $208 to $180, according to the web catalyst. The analyst's continued conviction and long-term bullish outlook for the Las Vegas venue operator drove the intraday rally. SPHR rose 9.51% to $112.67 from $102.89, with volume tracking at 0.93x normal for this point in the session.
Material / Earnings2026-10-16-4.9%
SPHR moved -5.01% from its $109.00 open to a $103.53 close on 2026-10-16.
Material / Earnings2026-10-15+4.7%
Sphere Entertainment Co. (SPHR) moved +5.52% from $103.16 to $108.85 on 2026-10-15, driven by strong investor enthusiasm surrounding high-profile live events at the venue. The jump was fueled by Metallica's Life Burns Faster residency (with shows on October 15 and 17) and fresh 2027 entertainment announcements including John Mayer's expanded Sphere residency. The move also marks a rebound following recent downward pressure from analyst price target cuts by Guggenheim and Craig-Hallum over softer tourism and ticket trends for The Wizard of Oz experience.
Craig-Hallum downgraded Sphere Entertainment from Buy to Hold and cut its price target from $170 to $132, triggering a 12.94% intraday drop to $111.66. The stock gapped down at open and accelerated lower on elevated volume (6.12x historical average at 170 minutes into the session), sliding from $128.25 as the analyst flagged ongoing profitability concerns despite recent revenue beats.
In-depth SPHR event analyses
Permanent, dated analyses of SPHR's most significant sessions.
Why did Sphere Entertainment Co. (SPHR) stock move?
SPHR fell 1.1% to $107.68. The move is associated with an earnings miss.
How much did SPHR stock fall?
SPHR lost 1.07% ($1.17) versus the prior close of $108.85, last trading at $107.68 on 0.5× average volume.
When is Sphere Entertainment Co.'s next earnings date?
SPHR's next earnings report is scheduled for 2026-11-05 — about 0 days away.
What is the analyst price target for SPHR?
The consensus analyst price target for SPHR is $170.20, about 58.1% above the current $107.68. Over the past 90 days, analysts recorded 0 upgrades, 7 maintains, and 0 downgrades.
How BestStocks tracks SPHR
This page is generated automatically by BestStocks' change-detection system after an earnings miss was detected and verified against independent data sources. It draws on 20 tracked change events for SPHR, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of November 5, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
