BTIG analyst Tyler DiMatteo has maintained their neutral stance on MSGS stock, giving a Hold rating on November 4.
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Tyler DiMatteo’s rating is based on a combination of factors including the modest adjustments made to the fiscal year 2026 revenue and adjusted operating income (AOI) projections for Madison Square Garden Sports. Although there are slight changes in the intrayear revenue and AOI figures due to the composition of home games for the Knicks and Rangers, the overall projections for FY2026 remain largely unchanged at approximately $1 billion in revenue and $28 million in AOI.
The valuation of MSGS is considered neutral, with a bull/bear range of $154 to $345, based on an enterprise value to sales ratio. This range reflects assumptions of a year-over-year revenue change of -7% to +2% for FY2026 and a multiple of 4x to 8x. Given these factors, BTIG does not assign a specific price target to neutral-rated stocks, leading to the Hold rating for MSGS.
According to TipRanks, DiMatteo is an analyst with an average return of -6.6% and a 25.00% success rate. DiMatteo covers the Communication Services sector, focusing on stocks such as TKO Group Holdings, Madison Square Garden Sports, and Nexxen International.
In another report released on November 4, Morgan Stanley also maintained a Hold rating on the stock with a $220.00 price target.