Madison Square Garden (NYSE:MSGS) Upgraded to Buy at Seaport Research Partners

Key Points

• Seaport Research Partners upgraded Madison Square Garden to a "Buy" with a $430 price objective, implying about a 33.6% upside from the recent close.
• The analyst picture is mixed — four analysts rate MSGS a Buy and five rate it Hold, giving a MarketBeat consensus rating of "Hold" and a consensus target of $312.80.
• Recent results showed a Q1 EPS miss ($0.34 vs. $0.66 est.) but revenue rose 12.7% year‑over‑year; the stock trades around $321.87 with a $7.75 billion market cap and a one‑year high near $345.46.

Madison Square Garden (NYSE:MSGS - Get Free Report) was upgraded by equities researchers at Seaport Research Partners from a "neutral" rating to a "buy" rating in a research report issued on Friday,Benzinga reports. The firm presently has a $430.00 price objective on the stock. Seaport Research Partners' price target would suggest a potential upside of 33.60% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Madison Square Garden from $240.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, February 6th. Weiss Ratings raised shares of Madison Square Garden from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, March 27th. Guggenheim reiterated a "buy" rating on shares of Madison Square Garden in a report on Thursday, February 5th. Susquehanna increased their price objective on shares of Madison Square Garden from $356.00 to $388.00 and gave the stock a "positive" rating in a research report on Thursday. Finally, Wall Street Zen upgraded Madison Square Garden from a "strong sell" rating to a "hold" rating in a research note on Saturday, February 14th. Four 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, the stock has an average rating of "Hold" and a consensus target price of $312.80.

Madison Square Garden Price Performance

NYSE MSGS opened at $321.87 on Friday. The stock has a market capitalization of $7.75 billion, a P/E ratio of -466.47 and a beta of 0.59. The business has a 50 day simple moving average of $309.79 and a 200 day simple moving average of $263.18. Madison Square Garden has a one year low of $182.90 and a one year high of $345.46.

Madison Square Garden (NYSE:MSGS - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.32). The business had revenue of $403.42 million during the quarter, compared to analysts' expectations of $394.58 million. The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. Equities analysts expect that Madison Square Garden will post 0.73 earnings per share for the current year.

Insiders Place Their Bets

In other Madison Square Garden news, Director Charles P. Dolan sold 5,659 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $325.26, for a total value of $1,840,646.34. Following the transaction, the director directly owned 435 shares of the company's stock, valued at approximately $141,488.10. This trade represents a 92.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 19.07% of the company's stock.

Institutional Investors Weigh In On Madison Square Garden

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC boosted its stake in Madison Square Garden by 5,450.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 111 shares of the company's stock valued at $25,000 after purchasing an additional 109 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Madison Square Garden in the fourth quarter valued at approximately $26,000. Salomon & Ludwin LLC purchased a new position in shares of Madison Square Garden during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in Madison Square Garden by 67.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 122 shares of the company's stock worth $32,000 after buying an additional 49 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in Madison Square Garden by 1,150.0% during the fourth quarter. Global Retirement Partners LLC now owns 125 shares of the company's stock worth $32,000 after buying an additional 115 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company's stock.

Key Madison Square Garden News

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

• Positive Sentiment: Susquehanna raised its price target on MSGS to $388 and moved to a "positive" rating, signaling analyst conviction and a meaningful upside vs. current levels; analyst upgrades can drive buyer interest and support the stock. Susquehanna price target raise
• Positive Sentiment: High-profile events are lifting ticket economics — reports say Celtics vs. Knicks (Tatum return) tickets sold for roughly double the typical MSG game price, pointing to stronger F&B and secondary-market revenue for the arena. Tickets selling for double
• Positive Sentiment: Women's hockey and specialty events are boosting utilization — PWHL events at MSG set attendance records and women's hockey showings are selling out, expanding the venue's non-NHL/NBA revenue base. Higher utilization helps margins and sponsorship value. PWHL attendance record
• Positive Sentiment: Corporate partnerships: MSG named Impossible Foods as the official plant‑based burger partner for the arena and its teams — this adds sponsorship and F&B upside while aligning with consumer trends. Impossible Foods partnership
• Positive Sentiment: Jayson Tatum’s high-profile return to MSG generated national attention and strong attendance despite the Celtics' loss — event-driven demand and media coverage can lift short-term revenue and merchandise sales. Tatum return coverage
• Neutral Sentiment: Several human-interest pieces focused on Tatum’s emotions and the optics of his MSG return; these drive headlines and engagement but are unlikely to have a material long-term impact on MSGS fundamentals. Tatum emotional return
• Neutral Sentiment: Sports-feature stories about the Rangers and past MSG atmospheres are background content for the brand — useful for sentiment but not immediate drivers of revenue. Rangers/MSG feature
• Negative Sentiment: Legal/reputational risk: The New York Times reports on a lawsuit tied to the Rangers/MSG era ("Dancing Larry" conduct)—any litigation or reputational issue could create legal costs or distraction, representing downside risk. Dancing Larry lawsuit

About Madison Square Garden

Madison Square Garden Sports Corp NYSE: MSGS is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA's New York Knicks, the NHL's New York Rangers and the WNBA's New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.

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