On Nov 12, major Wall Street analysts update their ratings for $Madison Square Garden Entertainment (MSGE.US)$, with price targets ranging from $44 to $48.
Morgan Stanley analyst Cameron Mansson-Perrone maintains with a hold rating, and adjusts the target price from $45 to $44.
Macquarie analyst Paul Golding maintains with a buy rating.
Guggenheim analyst Curry Baker maintains with a buy rating, and adjusts the target price from $42 to $48.
Seaport Global analyst David Joyce maintains with a buy rating, and maintains the target price at $46.
Furthermore, according to the comprehensive report, the opinions of $Madison Square Garden Entertainment (MSGE.US)$'s main analysts recently are as follows:
Consumer health remains 'solid' and shares should benefit if the second half concert calendar firms up. However, estimates have been lowered after the company revised its FY25 guidance downwards, attributing the change to slower concert bookings and the additional costs related to internalizing sponsorship sales.
MSG Entertainment's Q1 revenue fell short in the concert segment due to challenging comparisons, yet the quarter's earnings surpassed expectations due to improved operating expenses. It was observed that recent cancellations have occurred either due to subdued interest in certain shows or acts, or as a result of artist injuries or illnesses.
Here are the latest investment ratings and price targets for $Madison Square Garden Entertainment (MSGE.US)$ from 4 analysts:
Note:
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