Madison Square Garden Entertainment (NYSE:MSGE) Price Target Raised to $103.00

Key Points

• Susquehanna raised MSGE’s price target from $80 to $103 and maintained a positive rating, implying roughly 16% upside from the reported share price.
• Analyst sentiment remains mixed: three analysts rate the stock a Buy and five rate it Hold, resulting in a consensus Hold rating and average price target of $88.17.
• MSGE recently beat quarterly revenue and loss expectations, with revenue up 27.4% year over year, while management expects further revenue and adjusted operating-income growth in fiscal 2027. Risks include ongoing losses, high leverage and a valuation near its 52-week high.

Madison Square Garden Entertainment (NYSE:MSGE - Get Free Report) had its price target lifted by analysts at Susquehanna from $80.00 to $103.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price objective would suggest a potential upside of 16.02% from the stock's current price.

Other equities analysts also recently issued reports about the company. Wall Street Zen downgraded Madison Square Garden Entertainment from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. The Goldman Sachs Group restated a "neutral" rating and set a $82.00 price objective (up from $72.00) on shares of Madison Square Garden Entertainment in a research report on Thursday, July 9th. BTIG Research restated a "buy" rating on shares of Madison Square Garden Entertainment in a report on Thursday, May 21st. Morgan Stanley upped their target price on shares of Madison Square Garden Entertainment from $70.00 to $80.00 and gave the company an "equal weight" rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Madison Square Garden Entertainment from $67.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, July 21st. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $88.17.

Madison Square Garden Entertainment Stock Up 11.9%

Madison Square Garden Entertainment stock opened at $88.78 on Thursday. The stock has a market cap of $3.59 billion, a PE ratio of 87.04 and a beta of 0.56. The company has a debt-to-equity ratio of 11.40, a current ratio of 0.72 and a quick ratio of 0.72. The stock's fifty day moving average is $76.24 and its two-hundred day moving average is $67.26. Madison Square Garden Entertainment has a 1-year low of $35.31 and a 1-year high of $89.19.

Insider Buying and Selling

In other Madison Square Garden Entertainment news, EVP Philip Gerard D'ambrosio sold 9,907 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $74.48, for a total transaction of $737,873.36. Following the completion of the sale, the executive vice president directly owned 15,772 shares of the company's stock, valued at approximately $1,174,698.56. This trade represents a 38.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Madison Square Garden Entertainment

Several hedge funds have recently made changes to their positions in MSGE. Deutsche Bank AG grew its holdings in shares of Madison Square Garden Entertainment by 0.6% in the 4th quarter. Deutsche Bank AG now owns 32,473 shares of the company's stock worth $1,750,000 after acquiring an additional 181 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Madison Square Garden Entertainment by 1.2% during the first quarter. The Manufacturers Life Insurance Company now owns 17,519 shares of the company's stock worth $1,032,000 after purchasing an additional 212 shares during the last quarter. CWM LLC boosted its position in Madison Square Garden Entertainment by 15.1% during the fourth quarter. CWM LLC now owns 1,723 shares of the company's stock worth $93,000 after purchasing an additional 226 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in shares of Madison Square Garden Entertainment by 1.9% in the second quarter. Orion Porfolio Solutions LLC now owns 22,667 shares of the company's stock valued at $906,000 after buying an additional 418 shares in the last quarter. Finally, XTX Topco Ltd raised its stake in shares of Madison Square Garden Entertainment by 5.2% during the 4th quarter. XTX Topco Ltd now owns 8,681 shares of the company's stock worth $468,000 after buying an additional 427 shares during the last quarter. Institutional investors and hedge funds own 96.86% of the company's stock.

Madison Square Garden Entertainment News Summary

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

• Positive Sentiment: Q4 results beat expectations: MSGE reported a quarterly loss of $0.21 per share, narrower than consensus estimates for a loss of approximately $0.42-$0.44. Revenue rose 27.4% year over year to $196.32 million, exceeding forecasts of $166.62 million. MSGE earnings report
• Positive Sentiment: Annual revenue topped $1 billion: Strong demand from concerts, the New York Knicks, the Christmas Spectacular and major events such as Lady Gaga performances helped drive record-scale fiscal-year results. Concert volumes reportedly doubled, supporting the bullish market reaction. MSGE fiscal 2026 earnings
• Positive Sentiment: Growth outlook improved: Management expects fiscal 2027 revenue and adjusted operating income growth as it adds venue events and targets roughly $47 million in arena licensing fees. The outlook reinforces expectations for continued event demand and monetization. MSGE fiscal 2027 outlook
• Negative Sentiment: Profitability and valuation remain risks: MSGE still reported a quarterly loss, while its elevated valuation, substantial leverage, debt-to-equity ratio of 11.40 and current ratio below 1 could increase sensitivity to weaker event activity or higher financing costs.

About Madison Square Garden Entertainment

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.

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