Sphere Entertainment Co. is trading 4.1% up today at $158.62 after analysts raised price targets following record-breaking ticket sales for its Las Vegas residency.
- Benchmark and Susquehanna raised their price targets to $175 and $182 respectively, both reiterating positive ratings and citing confidence in the venue's business model.
- The production of The Wizard of Oz at Sphere has achieved significant commercial success, surpassing $400 million in ticket sales with over three million tickets sold.