Madison Square Garden Entertainment (NYSE:MSGE) Price Target Raised to $93.00

Madison Square Garden Entertainment (NYSE:MSGE) had its target price raised by research analysts at Susquehanna from $92.00 to $93.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna‘s target price suggests a potential upside of 17.33% from the company’s previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group lowered shares of Madison Square Garden Entertainment from a “buy” rating to a “neutral” rating and lifted their target price for the company from $72.00 to $82.00 in a research report on Thursday, July 9th. Wall Street Zen cut shares of Madison Square Garden Entertainment from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Piper Sandler assumed coverage on shares of Madison Square Garden Entertainment in a research report on Thursday, August 20th. They set a “neutral” rating and a $86.00 price target on the stock. Zacks Research lowered Madison Square Garden Entertainment from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Madison Square Garden Entertainment from $75.00 to $83.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $90.38.

Madison Square Garden Entertainment Trading Down 0.3%

Shares of NYSE:MSGE opened at $79.27 on Thursday. The business has a 50-day moving average price of $79.20 and a 200-day moving average price of $70.72. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 57.44 and a beta of 0.56. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 11.80. Madison Square Garden Entertainment has a 52-week low of $43.33 and a 52-week high of $90.41.

Madison Square Garden Entertainment (NYSE:MSGE) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.24. The business had revenue of $217.13 million during the quarter, compared to analyst estimates of $208.11 million. Madison Square Garden Entertainment had a return on equity of 480.83% and a net margin of 6.24%. The company’s revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.46) EPS. Equities analysts predict that Madison Square Garden Entertainment will post 2.51 EPS for the current year.

Institutional Trading of Madison Square Garden Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in MSGE. Nykredit A S purchased a new stake in Madison Square Garden Entertainment in the 2nd quarter valued at $46,000. Putney Financial Group LLC acquired a new stake in Madison Square Garden Entertainment during the 3rd quarter worth approximately $69,000. GK Wealth Management LLC acquired a new stake in shares of Madison Square Garden Entertainment in the 3rd quarter worth $73,000. TD Waterhouse Canada Inc. boosted its holdings in shares of Madison Square Garden Entertainment by 957.7% in the third quarter. TD Waterhouse Canada Inc. now owns 1,174 shares of the company’s stock valued at $94,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in Madison Square Garden Entertainment by 840.0% in the third quarter. Sterling Capital Management LLC now owns 1,316 shares of the company’s stock worth $105,000 after acquiring an additional 1,176 shares in the last quarter. 96.86% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Madison Square Garden Entertainment

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

• Positive Sentiment: Fiscal Q1 revenue rose 37.2% year over year to $217.1 million, exceeding analyst expectations of about $208.1 million. MSGE earned $0.19 per share, versus consensus estimates for a loss, and a loss of $0.46 per share a year earlier. Company results
• Positive Sentiment: The quarter included a record number of concerts at Madison Square Garden Arena. Coverage linked Harry Styles’ performances to the revenue surge, suggesting strong event demand helped drive results. Harry Styles and MSGE revenue
• Positive Sentiment: Management repurchased $25 million of Class A shares during the quarter, returning capital to shareholders. Long-term investor takeaways
• Positive Sentiment: MSGE expects more than 1.2 million guests for its Christmas Spectacular and plans 231 shows in fiscal 2027, providing a significant slate of upcoming events. Christmas Spectacular plans
• Negative Sentiment: New York City Mayor Zohran Mamdani criticized the use of surveillance technology at Madison Square Garden. The report does not cite an immediate financial impact, but the issue could bring reputational or political scrutiny. Surveillance technology criticism

About Madison Square Garden Entertainment

Madison Square Garden Entertainment Corp. (NYSE: MSGE) is a live entertainment company that owns, operates and manages prominent entertainment venues and produces live events. Its portfolio includes Madison Square Garden, Radio City Music Hall, the Beacon Theatre and The Chicago Theatre, as well as the Hulu Theater at Madison Square Garden.

The company presents and promotes concerts, family entertainment, comedy shows, sporting events and other special events. It also produces the annual Christmas Spectacular Starring the Radio City Rockettes and supports a range of entertainment experiences through its venue operations, booking activities and event-related services.

Madison Square Garden Entertainment primarily serves audiences in the United States, with a concentration in New York City and Chicago.