Madison Square Garden Entertainment (NYSE:MSGE) Given New $67.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target to $67 and kept a "neutral" rating, implying only about a 2.75% upside from current levels.
• Analyst opinions are mixed but mildly positive overall — notable bullish calls include BTIG's $86 target and Guggenheim's $76, while MarketBeat shows a consensus of "Moderate Buy" with an average target of $64.33.
• MSGE reported a Q result that missed EPS expectations ($0.11 vs. $0.14) while revenue was roughly in line at $246.3M (+1.5% YoY), and the stock traded down ~2.3% amid concerns over weak profitability metrics (low net margin, negative ROE).

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from $63.00 to $67.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 2.75% from the company's current price.

A number of other analysts have also weighed in on MSGE. Weiss Ratings lowered Madison Square Garden Entertainment from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday. BTIG Research lifted their target price on shares of Madison Square Garden Entertainment from $70.00 to $86.00 and gave the stock a "buy" rating in a research note on Thursday. Wall Street Zen raised shares of Madison Square Garden Entertainment from a "hold" rating to a "buy" rating in a research report on Saturday, February 28th. Finally, Guggenheim raised their price target on shares of Madison Square Garden Entertainment from $74.00 to $76.00 and gave the stock a "buy" rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.33.

Madison Square Garden Entertainment Trading Down 2.3%

Shares of MSGE traded down $1.53 during trading hours on Friday, hitting $65.21. The company had a trading volume of 263,171 shares, compared to its average volume of 343,874. Madison Square Garden Entertainment has a 52-week low of $35.31 and a 52-week high of $69.86. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 15.40. The stock's 50 day moving average price is $60.38 and its 200 day moving average price is $55.98. The firm has a market cap of $2.63 billion, a P/E ratio of 60.40 and a beta of 0.61.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Madison Square Garden Entertainment had a net margin of 5.12% and a negative return on equity of 748.04%. The company had revenue of $246.26 million for the quarter, compared to analysts' expectations of $242.99 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The company's revenue was up 1.5% compared to the same quarter last year. On average, research analysts predict that Madison Square Garden Entertainment will post 1.16 EPS for the current year.

Insider Activity

In related news, Director Charles P. Dolan sold 19,311 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $63.76, for a total value of $1,231,269.36. Following the completion of the transaction, the director directly owned 660 shares of the company's stock, valued at $42,081.60. This represents a 96.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 16.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in MSGE. First Horizon Corp bought a new position in shares of Madison Square Garden Entertainment in the 4th quarter worth approximately $37,000. Aster Capital Management DIFC Ltd purchased a new stake in Madison Square Garden Entertainment in the fourth quarter worth $45,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Madison Square Garden Entertainment in the fourth quarter worth $47,000. State of Alaska Department of Revenue bought a new position in Madison Square Garden Entertainment in the third quarter worth $59,000. Finally, State of Wyoming bought a new position in Madison Square Garden Entertainment in the second quarter worth $62,000. Hedge funds and other institutional investors own 96.86% of the company's stock.

Madison Square Garden Entertainment News Roundup

Here are the key news stories impacting Madison Square Garden Entertainment this week:

• Positive Sentiment: BTIG raised its price target sharply to $86 and kept a Buy rating, signaling expected upside versus current levels and providing analyst-driven support for the stock. Benzinga
• Positive Sentiment: MSG Entertainment announced a multi-year commercial partnership with Kalshi, naming the sixth-floor concourse at The Garden the “Kalshi Concourse.” This is a brand-and-sponsorship win that can drive non-ticket revenue and fan engagement over time. Kalshi and Madison Square Garden Announce Multi-Year Partnership
• Positive Sentiment: Management highlighted a “concert boom” on the earnings call and noted that Harry Styles’ planned 30-night residency boosts pacing into fiscal 2027 — a revenue driver for future quarters. Positive forward commentary helped offset some near-term concerns. MSG Entertainment Earnings Call Highlights Concert Boom
• Neutral Sentiment: Revenue was roughly in line with expectations (~$246.3M vs. ~$243.0M est.), up ~1.5% year-over-year; the company provided slide decks and a press release for details but the topline showed only modest organic growth. MarketBeat: Earnings and Materials
• Negative Sentiment: Earnings reporting is mixed and created confusion: some outlets flagged an EPS miss (reported $0.11, below estimates) while others published a larger EPS figure ($0.25) and called it a beat. The conflicting headlines on profitability, plus a very low net margin and a negative ROE statistic cited by some reports, likely pressured sentiment. MarketBeat: Earnings Summary
• Negative Sentiment: EPS declined versus the prior year and profitability metrics remain a concern (reported net margin ~5.1% and elevated debt-to-equity), which keeps the stock sensitive to any downside surprises in future quarters. Seeking Alpha: Q3 Review & Outlook

Madison Square Garden Entertainment Company Profile

Madison Square Garden Entertainment Corp. NYSE: MSGE is a premier live entertainment company focused on producing and hosting a wide range of events across North America. Established as a separate publicly traded entity in April 2020 through a spin-off from Madison Square Garden Company, MSGE owns and operates iconic venues such as Madison Square Garden in New York City, Radio City Music Hall, The Chicago Theatre and Sphere in Las Vegas. These facilities serve as flagship stages for concerts, sports events, family shows and cultural performances.

The company's core business activities center on venue management, event promotion and production services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.