Susquehanna Issues Positive Forecast for Madison Square Garden (NYSE:MSGS) Stock Price

Key Points

• Susquehanna raised its price target on Madison Square Garden to $388 with a "positive" rating — implying roughly an 18% upside — while MarketBeat's consensus remains a "Hold" with a $312.80 target.
• MSGS traded around $328.35 after reporting quarterly revenue of $403.4M (up 12.7%) that beat estimates, but EPS missed at $0.34 versus $0.66; the company has a $7.9B market cap and a negative trailing P/E.
• Operationally MSG has positives like an Impossible Foods concession partnership and strong ticket demand for marquee events, but investors should note legal risk from a lawsuit tied to an in‑arena figure and recent insider selling by a director.

Madison Square Garden (NYSE:MSGS - Get Free Report) had its target price boosted by stock analysts at Susquehanna from $356.00 to $388.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a "positive" rating on the stock. Susquehanna's price target would indicate a potential upside of 18.17% from the stock's current price.

Several other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Madison Square Garden from $240.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, February 6th. Guggenheim restated a "buy" rating on shares of Madison Square Garden in a report on Thursday, February 5th. Citigroup raised their price objective on Madison Square Garden from $290.00 to $337.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Wolfe Research cut Madison Square Garden from an "outperform" rating to a "hold" rating in a report on Monday, December 15th. Finally, Weiss Ratings upgraded Madison Square Garden from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Madison Square Garden presently has a consensus rating of "Hold" and a consensus target price of $312.80.

Madison Square Garden Stock Up 0.1%

NYSE MSGS traded up $0.33 during mid-day trading on Thursday, hitting $328.35. The stock had a trading volume of 7,251 shares, compared to its average volume of 241,354. Madison Square Garden has a 52-week low of $182.90 and a 52-week high of $345.46. The company has a market cap of $7.90 billion, a price-to-earnings ratio of -477.72 and a beta of 0.59. The company has a 50 day simple moving average of $309.06 and a 200 day simple moving average of $262.77.

Madison Square Garden (NYSE:MSGS - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share 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 the consensus estimate of $394.58 million. The business's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.05 earnings per share. As a group, equities analysts anticipate that Madison Square Garden will post 0.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Madison Square Garden news, Director Charles P. Dolan sold 5,659 shares of the firm's stock in a transaction dated Friday, February 20th. The stock was 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 $141,488.10. This trade represents a 92.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 19.07% of the stock is owned by company insiders.

Institutional Trading of Madison Square Garden

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC increased its position in shares of Madison Square Garden by 5,450.0% during the third quarter. Farther Finance Advisors LLC now owns 111 shares of the company's stock worth $25,000 after acquiring an additional 109 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Madison Square Garden during the fourth quarter worth about $26,000. Salomon & Ludwin LLC purchased a new stake in shares of Madison Square Garden during the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Madison Square Garden by 67.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 122 shares of the company's stock valued at $32,000 after buying an additional 49 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in Madison Square Garden by 1,150.0% in the fourth quarter. Global Retirement Partners LLC now owns 125 shares of the company's stock valued at $32,000 after buying an additional 115 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

Madison Square Garden News Summary

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

• Positive Sentiment: MSG names Impossible Foods its official plant‑based burger partner for the arena and its Knicks and Rangers properties — a multi‑channel concession deal that can lift F&B revenue, broaden menu offerings and boost sustainability branding. Madison Square Garden Names Impossible Foods the Official Plant-Based Burger Partner
• Positive Sentiment: Impossible Foods will roll out a new plant‑based menu at MSG, expanding concession choices that could increase per‑capita spend and appeal to younger/health‑conscious fans. (Menu rollout supports the partnership above.) Impossible Foods just announced a new plant-based menu at Madison Square Garden
• Positive Sentiment: High‑profile events (Celtics star Jayson Tatum’s MSG return, Rangers final home game) are generating strong ticket demand and publicity — good for box office, ancillary spend and broadcast attention during a critical part of the season. Celtics’ Jayson Tatum returns to MSG
• Positive Sentiment: Women’s hockey at MSG has moved from sparse crowds to sellouts in coverage, indicating growth in event diversification and ticket revenue outside the NBA/NHL core. From sparse crowds to selling out MSG: Is women's hockey catching on in NYC?
• Neutral Sentiment: Game‑coverage and human interest stories (players’ emotional returns, locker‑room messages) bolster fan engagement and media attention but have limited direct financial impact beyond short‑term ticket/merch spikes. Celtics’ Jayson Tatum on post-Achilles return to MSG
• Neutral Sentiment: Game narratives about difficult nights at MSG are primarily editorial sports coverage and unlikely to move fundamentals. How Playing At Madison Square Garden Turned Into The Rangers' Biggest Nightmare Until It Wasn't
• Negative Sentiment: The New York Rangers and MSG face a lawsuit over alleged misconduct tied to a long‑running in‑arena figure, raising potential legal costs, settlement risk and reputational exposure that investors should monitor. New York Rangers, Madison Square Garden sued over alleged ‘Dancing Larry’ conduct

Madison Square Garden Company Profile

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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