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Goldman Sachs Upgrades GTLL and Initiates Coverage on Sphere Entertainment Co with Positive Outlooks

- (Last modified: Mar 29, 2025 12:18 AM)

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  • Goldman Sachs upgrades PNK:GTLL to "Buy" from "Neutral" at a trading price of $0.0002, highlighting potential growth despite its current low price and volatility.
  • Sphere Entertainment Co (SPHR) receives a "Buy" rating from Goldman Sachs with a price target of $42, underpinned by the growth potential of the Las Vegas Sphere and MSG Networks.
  • Analyst Stephen Laszczyk projects Sphere Entertainment's Adjusted Operating Income (AOI) to be 5% above consensus, indicating a positive financial outlook and opportunities for global expansion.

GTLL, traded on the PNK exchange, has recently caught the attention of Goldman Sachs, which upgraded its stock rating to "Buy" from "Neutral" on March 28, 2025. This upgrade was made at a price of $0.0002, which is also the current trading price. The stock has experienced a 52-week high of $0.0004 and a low of $0.0001, indicating some volatility in its trading range.

The market capitalization of GTLL is approximately $2.94 million, reflecting the total market value of its outstanding shares. With a trading volume of 1,104,334 shares, the stock shows a moderate level of investor interest. Despite its low price, the recent upgrade by Goldman Sachs suggests potential for future growth, which could attract more investors.

In a similar vein, Goldman Sachs analyst Stephen Laszczyk has initiated coverage of Sphere Entertainment Co (SPHR) with a "Buy" rating and a price target of $42. Sphere Entertainment operates the Las Vegas Sphere and MSG Networks, both of which have significant growth potential. Laszczyk believes the market is underestimating the revenue and Adjusted Operating Income (AOI) growth potential of the Las Vegas Sphere.

Laszczyk's projections for the Sphere segment's AOI are approximately 5% above the consensus, indicating a positive outlook for the company's financial performance. Additionally, there are opportunities for global expansion with new Sphere locations, which could further enhance revenue streams. Concerns about MSG Networks' debt restructuring are considered overstated, with expectations that the outcome will be less detrimental to value than anticipated by the market.

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