Two big media companies have caught the attention of analysts, who see substantial upside for both Sphere Entertainment and Fox Corp. Sphere Entertainment, which owns the vaunted Las Vegas Sphere, could rise 23%, while Fox is projected to gain 18% from here. Both stocks were higher in trading before the opening bell Friday. Check out the latest calls and chatter below. All times ET. 6: 20 a.m.
"Three quarters in, the Las Vegas Sphere has established itself as a mainstay in the destination tourism market with travelers and artists alike," he wrote. "Despite some early concern, the operating model has proven out and we expect can improve further as more original content is added and use cases are found for the venue." Along with the upgrade, Karnovsky boosted his price target on the operator of the Las Vegas Sphere entertainment space to $57 from $37 a share.