Madison Square Garden Entertainment Corp. Class A Common Stock

Madison Square Garden Entertainment Corp. Class A Common Stock Stock Forecast & Price Prediction

Live Madison Square Garden Entertainment Corp. Class A Common Stock Stock (MSGE) Price
$43.32

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$43.32

P/E Ratio

14.58

Volume Traded Today

$711,000

Dividend

Dividends not available for MSGE

52 Week High/low

44.05/28.29

Madison Square Garden Entertainment Corp. Class A Common Stock Market Cap

$2.10B

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MSGE Summary

From what 0 stock analysts predict, the share price for Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE) might increase by 9.65% in the next year. This is based on a 12-month average estimation for MSGE. Price targets go from $45 to $50. The majority of stock analysts believe MSGE is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

MSGE Analyst Ratings

About 0 Wall Street analysts have assignedMSGE 0 buy ratings, 0 hold ratings, and 0 sell ratings. This means that analysts expect Madison Square Garden Entertainment Corp. Class A Common Stock to sell. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on MSGE. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.

MSGE stock forecast by analyst

These are the latest 20 analyst ratings of MSGE.

Analyst/Firm

Rating

Price Target

Change

Date

Paul Golding
Macquarie

Outperform

$47

Maintains

Aug 22, 2024
Peter Henderson
B of A Securities

Buy

$48

Maintains

Aug 19, 2024
Benjamin Swinburne
Morgan Stanley

Equal-Weight

$45

Maintains

Aug 19, 2024
Stephen Laszczyk
Goldman Sachs

Buy

$45

Upgrade

Jul 24, 2024
David Karnovsky
JP Morgan

Neutral

$36

Maintains

Nov 8, 2023
Benjamin Swinburne
Morgan Stanley

Equal-Weight

$36

Maintains

Sep 1, 2023
Curry Baker
Guggenheim

Buy

$43

Maintains

Aug 23, 2023
Curry Baker
Guggenheim

Buy

$43

Maintains

Aug 22, 2023
Peter Henderson
B of A Securities

Buy

$41

Initiates

Aug 22, 2023
David Karnovsky
JP Morgan

Neutral

$38

Initiates

Aug 11, 2023
Paul Golding
Macquarie

Outperform

$43

Initiates

Jun 1, 2023
Benjamin Swinburne
Morgan Stanley

Equal-Weight

$40

Initiates

May 26, 2023
Stephen Laszczyk
Goldman Sachs

Neutral

$40

Initiates

May 26, 2023
Curry Baker
Guggenheim

Buy

$37

Initiates

May 17, 2023
David Joyce
Seaport Global

Buy

$36

Initiates

Apr 24, 2023
Benjamin Swinburne
Morgan Stanley

Equal-Weight

$70

Maintains

Feb 10, 2023
Benjamin Swinburne
Morgan Stanley

Equal-Weight

$50

Upgrade

Dec 15, 2022
David Katz
Jefferies

Hold

$49

Downgrade

Nov 15, 2022
Benjamin Swinburne
Morgan Stanley

Underweight

$50

Maintains

Nov 11, 2022
Curry Baker
Guggenheim

Buy

$85

Maintains

Aug 23, 2022

MSGE Company Information

What They Do: Engages in live entertainment business.

Business Model: The company generates revenue by producing, presenting, and hosting a variety of live entertainment events, including concerts, sporting events, and family shows. It operates several iconic venues and also engages in the entertainment and sports bookings business, showcasing a diverse range of events.

Other Information: Madison Square Garden Entertainment Corp. was incorporated in 2022 and is based in New York, New York. It is known for its flagship venue, Madison Square Garden, and produces notable events like the Christmas Spectacular featuring the Radio City Rockettes.
MSGE
Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE)

When did it IPO

2020

Staff Count

1,200

Country

United States

Sector/Industry

Consumer Cyclical/Leisure

CEO

Mr. James Lawrence Dolan

Market Cap

$2.10B

Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE) Financial Data

In 2023, MSGE generated $851.5M in revenue, which was a increase of 30.30% from the previous year. This can be seen as a signal that MSGE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

N/A

Revenue From 2021

$81.8M

0.00 %
From Previous Year

Revenue From 2022

$653.5M

698.77 %
From Previous Year

Revenue From 2023

$851.5M

30.30 %
From Previous Year
  • Revenue TTM $959.3M
  • Operating Margin TTM -3.7%
  • Gross profit TTM $390.4M
  • Return on assets TTM 5.3%
  • Return on equity TTM -622.9%
  • Profit Margin 15.0%
  • Book Value Per Share -0.48%
  • Market capitalisation $2.10B
  • Revenue for 2021 $81.8M
  • Revenue for 2022 $653.5M
  • Revenue for 2023 $851.5M
  • EPS this year (TTM) $2.97

Madison Square Garden Entertainment Corp. Class A Common Stock (MSGE) Latest News

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Madison Square Garden Entertainment Corp. (NYSE: MSGE) will hold a conference call on November 8, 2024, at 8:30 a.m. ET to discuss its fiscal Q1 results for the period ending September 30, 2024.

Why It Matters - The conference call on fiscal Q1 results could signal MSGE's financial health and performance trends, influencing stock valuation and investor sentiment.

News Image

Mon, 28 Oct 2024

Sentiment - NEGATIVE

Source - Skynews

Summary - The news excerpt suggests a discussion surrounding the implications or interpretations of an event or statement related to Nazism, indicating ambiguity in its characterization.

Why It Matters - Ambiguity in public discourse can affect market sentiment and investor confidence, potentially impacting stock prices and investment strategies related to affected sectors or companies.

News Image

Mon, 28 Oct 2024

Sentiment - POSITIVE

Source - Market Watch

Summary - Trump Media & Technology Group shares rose 7% in premarket trading.

Why It Matters - The 7% increase in Trump Media & Technology Group shares may indicate growing investor confidence or interest, potentially influencing market trends and valuations.

News Image

Fri, 18 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Madison Square Garden Entertainment (MSGE) is being evaluated for its potential as a top stock pick for momentum investors.

Why It Matters - The inquiry into MSGE's potential as a momentum stock indicates growing interest, which could drive price fluctuations and trading volume, impacting investor sentiment and strategies.

News Image

Fri, 18 Oct 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - ZM, HCP, and MSGE have been designated as Zacks Rank #1 (Strong Buy) momentum stocks as of October 18, 2024.

Why It Matters - ZM, HCP, and MSGE's inclusion in the Zacks Rank #1 list signals strong momentum, indicating potential for price appreciation and favorable investment opportunities.

News Image

Fri, 04 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Verizon has partnered with Madison Square Garden Entertainment, Sports, and Sphere Entertainment to become the Official Mobile Wireless Partner, gaining exposure across major venues and events.

Why It Matters - Verizon's partnership with MSG enhances brand visibility across major entertainment venues, potentially boosting its customer base and revenue, influencing investor sentiment positively.

...

MSGE Frequently asked questions

The highest forecasted price for MSGE is $50 from Benjamin Swinburne at Morgan Stanley.

The lowest forecasted price for MSGE is $45 from Stephen Laszczyk from Goldman Sachs

The MSGE analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.