Bank of America Securities analyst Peter Henderson has maintained their bullish stance on MSGE stock, giving a Buy rating on August 5.
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Peter Henderson’s rating is based on the anticipation of a strong performance for Madison Square Garden Entertainment Corp. in FY26. The company is expected to benefit from a robust lineup of events, including the Christmas Spectacular, which has already shown promising advance sales and is set to have more shows than the previous year. Additionally, concert bookings are projected to improve significantly, with management close to reaching their booking goals for The Garden and theaters, suggesting a potential record concert quarter.
Furthermore, the company’s decision to bring sponsorship management back in-house is expected to contribute to revenue growth through opportunities like signage and theater naming rights. Despite challenges in FY25, such as fewer concerts and higher costs, the outlook for FY26 is positive, with estimated revenue growth and a stable adjusted operating income. These factors, combined with the company’s solid market position in the live entertainment sector, support the Buy rating and a price objective of $48.
In another report released on August 5, Susquehanna also maintained a Buy rating on the stock with a $44.00 price target.