Madison Square Garden (NYSE:MSGS) Price Target Raised to $388.00

Madison Square Garden (NYSE:MSGS) had its target price boosted by Susquehanna from $356.00 to $388.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a positive rating on the stock.

Several other equities analysts have also recently weighed in on MSGS. Wolfe Research cut Madison Square Garden from an “outperform” rating to a “hold” rating in a research report on Monday, December 15th. Wall Street Zen upgraded shares of Madison Square Garden from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 14th. Guggenheim restated a “buy” rating on shares of Madison Square Garden in a research report on Thursday, February 5th. Citigroup raised their price objective on shares of Madison Square Garden from $290.00 to $337.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Finally, Weiss Ratings upgraded shares of Madison Square Garden from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, March 27th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Madison Square Garden currently has an average rating of “Hold” and a consensus price target of $312.80.

Madison Square Garden Stock Performance

Shares of NYSE MSGS opened at $331.57 on Thursday. The stock has a market cap of $7.98 billion, a PE ratio of -480.53 and a beta of 0.59. Madison Square Garden has a fifty-two week low of $183.58 and a fifty-two week high of $345.46. The stock has a fifty day moving average of $310.74 and a 200-day moving average of $264.33.

Madison Square Garden (NYSE:MSGS) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.32). The firm had revenue of $403.42 million during the quarter, compared to the consensus estimate of $394.58 million. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.05 EPS. On average, sell-side analysts predict that Madison Square Garden will post 0.73 EPS for the current year.

Insider Activity

In related news, Director Charles P. Dolan sold 5,659 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $325.26, for a total value of $1,840,646.34. Following the sale, the director owned 435 shares in the company, valued at approximately $141,488.10. This trade represents a 92.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 19.07% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of Madison Square Garden by 67.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 699,378 shares of the company’s stock worth $180,895,000 after purchasing an additional 282,318 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Madison Square Garden by 8.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 648,515 shares of the company’s stock worth $167,739,000 after acquiring an additional 49,412 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Madison Square Garden by 1.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 613,391 shares of the company’s stock worth $158,654,000 after acquiring an additional 6,873 shares in the last quarter. State Street Corp grew its position in Madison Square Garden by 3.0% in the fourth quarter. State Street Corp now owns 538,404 shares of the company’s stock worth $139,258,000 after acquiring an additional 15,656 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Madison Square Garden by 0.4% in the third quarter. Victory Capital Management Inc. now owns 455,042 shares of the company’s stock worth $103,295,000 after acquiring an additional 1,688 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors.

Key Stories Impacting Madison Square Garden

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

• Positive Sentiment: Seaport Partners flagged positives around a possible spin‑out of the Knicks and Rangers (MSG Sports), suggesting a separation could unlock value and boost MSGS stock sentiment. Article Title
• Positive Sentiment: Susquehanna raised its price target on MSGS from $356 to $388 and kept a “positive” rating — a notable analyst upgrade that increases upside perception. Article Title
• Positive Sentiment: High-profile events (Jayson Tatum’s emotional return to Madison Square Garden) drove ticket demand and secondary-market price spikes — evidence of premium event pricing power at MSG venues that supports near‑term revenue and F&B upside. Article Title
• Positive Sentiment: Women’s pro hockey (PWHL) and other events are setting attendance records at MSG, showing diversified event demand beyond NBA/NHL and supporting venue utilization and ancillary revenue. Article Title
• Positive Sentiment: MSG named Impossible Foods its official plant‑based burger partner for the arena and its teams, a commercial tie-up that could expand F&B offerings and brand partnerships. Article Title
• Neutral Sentiment: Short interest rose ~21% in March to 918,944 shares (approx. 4.7% of float) with a short‑interest ratio near 3.5 days — higher bearish positioning could add volatility, but current levels are not extreme.
• Negative Sentiment: Legal headlines: reporting of a lawsuit tied to “Dancing Larry” and other venue‑related legal matters creates headline risk and potential litigation exposure for the MSG ecosystem. Article Title

About Madison Square Garden

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.