Madison Square Garden Entertainment Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Madison Square Garden Entertainment stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSGE, but not buy additional shares or sell existing shares.
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4 brokers have issued 1 year target prices for Madison Square Garden Entertainment's stock. Their MSGE stock forecasts range from $63.00 to $106.00. On average, they expect Madison Square Garden Entertainment's stock price to reach $82.60 in the next twelve months. This suggests a possible upside of 51.8% from the stock's current price.
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Madison Square Garden Entertainment's stock was trading at $70.34 at the beginning of 2022. Since then, MSGE shares have decreased by 22.6% and is now trading at $54.43.
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Madison Square Garden Entertainment is scheduled to release its next quarterly earnings announcement on Monday, August 22nd 2022.
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Madison Square Garden Entertainment Corp. (NYSE:MSGE) released its quarterly earnings results on Monday, May, 9th. The company reported ($0.51) earnings per share for the quarter, missing the consensus estimate of $0.04 by $0.55. The business had revenue of $460.10 million for the quarter, compared to analysts' expectations of $441.64 million. Madison Square Garden Entertainment had a negative net margin of 16.04% and a negative trailing twelve-month return on equity of 9.60%. Madison Square Garden Entertainment's quarterly revenue was up 114.7% on a year-over-year basis. During the same period in the prior year, the company posted ($3.66) EPS.
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Some companies that are related to Madison Square Garden Entertainment include Bowlero (BOWL), Accel Entertainment (ACEL), Manchester United (MANU), Reservoir Media (RSVR), NeoGames (NGMS), Enthusiast Gaming (EGLX), Galaxy Gaming (GLXZ), Kidoz (KDOZF), Allied Esports Entertainment (AESE), Bowl America (BWL.A), EBET (EBET), Pop Culture Group (CPOP), Esports Entertainment Group (GMBL), WOWI (WOWU) and All For One Media (AFOM).
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Madison Square Garden Entertainment trades on the New York Stock Exchange (NYSE) under the ticker symbol "MSGE."

Shares of MSGE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSGE stock can currently be purchased for approximately $54.43.

Madison Square Garden Entertainment (NYSE:MSGE) has a market capitalization of $1.86 billion and generates $180.40 million in revenue each year. The company earns $-377,190,000.00 in net income (profit) each year or ($7.86) on an earnings per share basis.

Madison Square Garden Entertainment employs 5,800 workers across the globe.

Madison Square Garden Entertainment's mailing address is TWO PENNSYLVANIA PLAZA, NEW YORK NY, 10121. The official website for Madison Square Garden Entertainment is www.msgentertainment.com. The company can be reached via phone at 212-465-6000 or via email at investor@msg.com.