Madison Square Garden (NYSE:MSGS) Given New $584.00 Price Target at Guggenheim

Madison Square Garden (NYSE:MSGS) had its price objective hoisted by equities researchers at Guggenheim from $522.00 to $584.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target points to a potential upside of 43.36% from the company’s previous close.

Several other research firms also recently weighed in on MSGS. Susquehanna boosted their target price on Madison Square Garden from $429.00 to $430.00 and gave the company a “positive” rating in a research report on Tuesday, June 23rd. Morgan Stanley raised shares of Madison Square Garden from an “equal weight” rating to an “overweight” rating and set a $450.00 target price on the stock in a research note on Wednesday, July 15th. Seaport Research Partners raised their price objective on shares of Madison Square Garden from $430.00 to $435.00 and gave the stock a “buy” rating in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Madison Square Garden in a research note on Wednesday, June 24th. Finally, Citigroup increased their price target on Madison Square Garden from $355.00 to $360.00 and gave the stock a “neutral” rating in a report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Madison Square Garden presently has an average rating of “Hold” and a consensus price target of $454.80.

Madison Square Garden Trading Down 1.4%

Shares of NYSE:MSGS opened at $407.38 on Friday. The company has a market cap of $9.81 billion, a price-to-earnings ratio of -437.33 and a beta of 0.62. Madison Square Garden has a 12 month low of $191.33 and a 12 month high of $438.93. The company has a 50-day moving average price of $389.37 and a 200 day moving average price of $347.13.

Institutional Trading of Madison Square Garden

A number of hedge funds have recently added to or reduced their stakes in MSGS. Price T Rowe Associates Inc. MD grew its holdings in Madison Square Garden by 67.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 699,378 shares of the company’s stock worth $180,895,000 after acquiring an additional 282,318 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Madison Square Garden by 8.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 648,515 shares of the company’s stock worth $167,739,000 after purchasing an additional 49,412 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Madison Square Garden by 1.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 613,391 shares of the company’s stock valued at $158,654,000 after purchasing an additional 6,873 shares in the last quarter. State Street Corp boosted its stake in shares of Madison Square Garden by 3.0% during the fourth quarter. State Street Corp now owns 538,404 shares of the company’s stock valued at $139,258,000 after purchasing an additional 15,656 shares in the last quarter. Finally, Gabelli Funds LLC increased its holdings in Madison Square Garden by 0.9% during the fourth quarter. Gabelli Funds LLC now owns 394,292 shares of the company’s stock valued at $101,984,000 after buying an additional 3,607 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

More Madison Square Garden News

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

• Positive Sentiment: MSGS reported fourth-quarter earnings of approximately $1.16–$1.19 per share, well above analyst expectations of $0.64–$0.72. Revenue reached $278.75 million, exceeding the $227.67 million consensus estimate and rising 36.6% from the prior year. Madison Square Garden Sports earnings results
• Positive Sentiment: Coverage attributed the quarterly beat to the Knicks’ championship, which likely supported higher ticket demand, premium seating, sponsorship, merchandising and related revenue. The earnings release and conference call provide additional details on the fiscal 2026 fourth quarter and full-year performance. Madison Square Garden Sports fiscal 2026 results
• Neutral Sentiment: The earnings call and related coverage give investors more information about management’s outlook, but the available reports do not identify a major new long-term catalyst beyond the Knicks’ recent success. MSGS was already trading well above its 50-day and 200-day moving averages and near its 52-week high, which may raise the bar for future results.
• Neutral Sentiment: Reports about Travis Kelce and Taylor Swift holding a wedding at Madison Square Garden provide publicity for the venue, but they appear more relevant to Madison Square Garden Entertainment than to MSGS, whose primary assets are the Knicks and New York Rangers. Travis Kelce and Taylor Swift wedding report
• Negative Sentiment: One analyst argued that a Knicks championship alone does not establish an attractive investment case, cautioning that the strong results may reflect a temporary sports-driven boost rather than sustainable earnings growth. Investors may therefore focus on recurring revenue, valuation and performance after the championship effect fades. Analysis of MSGS investment case

Madison Square Garden Company Profile

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.