Benchmark Co. analyst Matthew Harrigan reiterated a Buy rating on Atlanta Braves Holdings Inc Class A today and set a price target of $67.00.
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Matthew Harrigan has given his Buy rating due to a combination of factors that highlight the asset value and growth potential of Atlanta Braves Holdings Inc Class A. Harrigan emphasizes the company’s strong asset value focus, reiterating a Buy rating with a $67 price target for 2026. He notes a significant increase in the 2025 and 2026 Adjusted OIBDA estimates, suggesting that the consensus may be underestimating the company’s likely financial performance.
Harrigan also points to the potential influence of peer MLB club valuations, such as the Padres, on the Braves’ valuation. Despite a challenging non-baseball revenue quarter expected in 4Q25, the Braves’ real estate ventures, particularly the Pennant Park acquisition, are expected to drive higher revenues and margins. The real estate component, with its low vacancy rates and high occupancy, is a unique asset in the Atlanta market, contributing to the optimistic outlook. Additionally, the international appeal of MLB, bolstered by high-profile players, adds to the potential for growth, despite concerns over labor negotiations post-2026.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.