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Madison Square Garden Sports Amends Media Rights Agreements

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Madison Square Garden Sports Amends Media Rights Agreements

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The latest update is out from Madison Square Garden Sports ( (MSGS) ).

On June 27, 2025, Madison Square Garden Sports Corp. amended media rights agreements for its subsidiaries, the New York Knicks and New York Rangers, with MSG Networks. The amendments, effective January 1, 2025, include a reduction in annual rights fees and changes to contract expiration dates, as part of MSG Networks’ debt workout process. Additionally, MSG Networks issued penny warrants to the company for 19.9% equity interests.

The most recent analyst rating on (MSGS) stock is a Buy with a $240.00 price target. To see the full list of analyst forecasts on Madison Square Garden Sports stock, see the MSGS Stock Forecast page.

Spark’s Take on MSGS Stock

According to Spark, TipRanks’ AI Analyst, MSGS is a Neutral.

The most significant factor impacting the overall score is the strong financial performance, particularly in revenue and cash flow growth, despite balance sheet challenges. Technical analysis indicates neutral momentum. The stock’s extreme overvaluation significantly lowers the score.

To see Spark’s full report on MSGS stock, click here.

More about Madison Square Garden Sports

Madison Square Garden Sports Corp. operates in the sports and entertainment industry, primarily focusing on professional sports teams. The company owns the New York Knicks and New York Rangers, which are prominent teams in basketball and hockey, respectively.

Average Trading Volume: 163,977

Technical Sentiment Signal: Buy

Current Market Cap: $4.97B

Learn more about MSGS stock on TipRanks’ Stock Analysis page.

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