Sphere owner's shares rally after snagging BTIG's bullish rating
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BTIG upgraded Sphere Entertainment Co. (SPHR) to a "buy" rating, raising shares nearly 6%. The firm cites catalysts like new Spheres, premium content licensing, and sponsorship deals as potential drivers for stock growth. BTIG anticipates improved profitability by 2026-2027 and sees expansion opportunities in the U.S. and internationally. The new price target for SPHR is $110, suggesting an 18.1% upside.
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