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Madison Square Garden Entertainment (MSGE) Stock Forecast & Price Target

$38.97
+0.71 (+1.86%)
(As of 07/23/2024 ET)

Madison Square Garden Entertainment - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 4 Wall Street analysts who have issued ratings for Madison Square Garden Entertainment in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 4 analysts, 2 have given a hold rating, and 2 have given a buy rating for MSGE.

Consensus Price Target

$39.00
0.08% Upside
High Forecast$43.00
Average Forecast$39.00
Low Forecast$36.00

According to the 4 analysts' twelve-month price targets for Madison Square Garden Entertainment, the average price target is $39.00. The highest price target for MSGE is $43.00, while the lowest price target for MSGE is $36.00. The average price target represents a forecasted upside of 0.08% from the current price of $38.97.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
2 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$39.00$39.00$39.83$43.50
Forecasted Upside0.08% Upside26.16% Upside22.91% Upside18.89% Upside
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MSGE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MSGE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Madison Square Garden Entertainment Stock vs. The Competition

TypeMadison Square Garden EntertainmentConsumer Discretionary CompaniesS&P 500
Consensus Rating Score
2.50
2.55
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside0.08% Upside125.60% Upside9.72% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/8/2023JPMorgan Chase & Co.
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$38.00 ➝ $36.00+22.08%
9/1/2023Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$40.00 ➝ $36.00+16.13%
8/22/2023Guggenheim
3 of 5 stars
 Boost TargetBuy ➝ Buy$41.00 ➝ $43.00+33.71%
8/22/2023Bank of America
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 Initiated CoverageBuy$41.00+32.24%
6/1/2023Macquarie
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 Initiated CoverageOutperform$43.00+22.58%
5/26/2023The Goldman Sachs Group
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 Initiated CoverageNeutral$40.00+12.01%
4/23/2023Seaport Res Ptn
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D. Joyce
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Reiterated RatingBuy
11/15/2022Jefferies Financial Group
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 DowngradeBuy ➝ Hold$100.00 ➝ $49.00+13.03%
11/10/2022Oppenheimer
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 Lower Target$95.00 ➝ $52.00+25.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:43 AM ET.

MSGE Forecast - Frequently Asked Questions

What is Madison Square Garden Entertainment's forecast for 2024?

According to the research reports of 4 Wall Street equities research analysts, the average twelve-month stock price forecast for Madison Square Garden Entertainment is $39.00, with a high forecast of $43.00 and a low forecast of $36.00.

Should I buy or sell Madison Square Garden Entertainment stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Madison Square Garden Entertainment in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" MSGE shares.

Does Madison Square Garden Entertainment's stock price have much upside?

According to analysts, Madison Square Garden Entertainment's stock has a predicted upside of 26.16% based on their 12-month stock forecasts.

Do Wall Street analysts like Madison Square Garden Entertainment more than its competitors?

Analysts like Madison Square Garden Entertainment less than other "consumer discretionary" companies. The consensus rating score for Madison Square Garden Entertainment is 2.50 while the average consensus rating score for "consumer discretionary" companies is 2.55. Learn more on how MSGE compares to other companies.


This page (NYSE:MSGE) was last updated on 7/24/2024 by MarketBeat.com Staff

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