Sphere Entertainment's Financial Outlook Remains Strong Despite Stock Dip, Analyst Says

1. J.P. Morgan maintains Overweight rating; lowers price target to $54. 2. Fourth-quarter AOI was better than expected, driven by residency contributions. 3. Management confident about upcoming show and strong demand for Exosphere. 4. SPHR exploring international expansion and smaller venue options. 5. Shares fell 14% despite positive fundamentals and expected catalysts.