--- title: "Why Is Sphere Entertainment Stock Sinking Monday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/300960796.md" description: "Sphere Entertainment (SPHR) stock fell approximately 12% on Monday after Craig-Hallum downgraded the shares from Buy to Hold and slashed its price target from $170 to $132. This marks a significant shift in analyst sentiment, contrasting with recent bullish comments by Jim Cramer. Technically, the stock is in a short-term downtrend but shows oversold momentum signals. The next key catalyst is the November 3 earnings report, where Wall Street expects improved losses and revenue growth." datetime: "2026-10-05T18:28:44.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300960796.md) - [en](https://longbridge.com/en/news/300960796.md) - [zh-HK](https://longbridge.com/zh-HK/news/300960796.md) generator: "portal-rs" --- # Why Is Sphere Entertainment Stock Sinking Monday? **Sphere Entertainment Co.** (NYSE:SPHR) stock is down nearly 12% on Monday after **Craig-Hallum** downgraded it and sharply cut its price forecast. Craig-Hallum downgraded Sphere Entertainment to Hold from Buy and lowered its price forecast to $132 from $170. The reduced forecast represents a $38 cut, signaling a more cautious outlook from the firm. The downgrade comes weeks after **Jim Cramer** struck a bullish tone on the company. During CNBC’s “Mad Money Lightning Round” on Sept. 14, Cramer recommended buying Sphere Entertainment, calling it “amazing.” ## Technical Analysis Sphere Entertainment remains in a clear short-term downtrend. The stock is trading 18.3% below its 20-day simple moving average and 23.2% below its 50-day SMA. It is also 12.2% below its 200-day SMA. The 20-day SMA sits below the 50-day SMA, reinforcing the bearish near-term setup. However, the 50-day SMA remains above the 200-day SMA, leaving the longer-term trend structure under pressure but not fully broken. Momentum is deeply oversold. The relative strength index stands at 23.75. An RSI below 30 can indicate that selling has become stretched and may increase the chances of a rebound. However, an oversold reading does not guarantee that the stock has found a bottom. Key resistance sits near $118. A move above that level could help the stock begin repairing its short-term trend. Support sits near $104.50. A break below that level could open the door to further weakness. **See More: Top Value Stocks** ## Earnings And Analyst Outlook Sphere Entertainment’s next major scheduled catalyst is its estimated Nov. 3 earnings report. Wall Street expects a loss of $1.33 per share, compared with a loss of $2.80 per share a year earlier. Revenue is expected to rise to $288.10 million from $262.51 million. The stock carries a Buy consensus rating with an average price forecast of $178.30. Recent analyst actions include **Guggenheim** raising its price forecast to $208 while maintaining a Buy rating on Sept. 2. **Piper Sandler** initiated coverage with an Overweight rating and $185 forecast on Aug. 20. **BTIG** maintained a Buy rating and $190 forecast on Aug. 3. ## Benzinga Edge Rankings Sphere Entertainment has a Momentum score of 88.9 out of 100 on the Benzinga Edge scorecard. The strong longer-term momentum reading contrasts with Monday’s sharp selloff and the stock’s deteriorating short-term technical setup. For traders, the key question is whether Sphere Entertainment can hold support near $104.50 and reclaim $118 to begin rebuilding momentum. ## Top ETF Exposure The **Schwab Ariel Opportunities ETF** (NYSE:SAEF) has a 2.58% weighting in Sphere Entertainment. Because of that exposure, significant inflows or outflows from the ETF can contribute to buying or selling activity in Sphere Entertainment shares. ## Price Action Sphere Entertainment shares were down 11.63% at $113.33 at the time of publication Monday, according to Benzinga Pro data. *Image via Shutterstock* **Read Also: Microsoft Could Be SpaceX's Next Big AI Customer: Bernstein Sees AI Revenue Surging Nearly 500%** ### Related Stocks - [SPHR.US](https://longbridge.com/en/quote/SPHR.US.md) - [SAEF.US](https://longbridge.com/en/quote/SAEF.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) ## Related News & Research - [BTIG maintains Sphere Entertainment at Buy, lowers price target to $145 from $160](https://longbridge.com/en/news/304689996.md) - [Sphere Entertainment (NYSE:SPHR) Stock Rating Raised to Hold at Wall Street Zen](https://longbridge.com/en/news/303846724.md) - [Sphere Entertainment (SPHR) reports Q3: everything you need to know ahead of earnings](https://longbridge.com/en/news/304202581.md) - [JP Morgan maintains Sphere Entertainment at Overweight, lowers price target to $160 from $164](https://longbridge.com/en/news/304707339.md) - [Sphere Entertainment Stock Gets An Earnings Beat From Record Sphere Ticket Sales](https://longbridge.com/en/news/304708604.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**