Guggenheim Names Madison Square Garden Entertainment (MSGE) as Best Idea

Guggenheim analyst Curry Baker reiterated a Buy rating and $48.00 price target on Madison Square Garden Entertainment (NYSE: MSGE).

The analyst comments "Looking ahead into CY25, we are making Madison Square Garden Entertainment Corp. (MSGE) our Best Idea. Shares have been under pressure (down ~23%) since F1Q25 earnings due to guidance revisions solely related to slate timing at The Garden (we think MSGE can still come close to double-digit AOI growth for FY25 despite one-off slate headwinds). Key drivers for our positive MSGE outlook are: 1) robust secular tailwinds for live entertainment (with tough Garden comps starting to reverse in F3Q), 2) iconic anchor assets in the U.S.'s largest media market - NY, 3) continued stock repurchases in CY25 (following a recent $25mm repurchase - link), and 4) ongoing optionality around Penn Station with Trump taking office in January."

For an analyst ratings summary and ratings history on Madison Square Garden Entertainment click here. For more ratings news on Madison Square Garden Entertainment click here.

Shares of Madison Square Garden Entertainment closed at $33.25 yesterday.

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