Madison Square Garden Entertain (MSGE) Stock Analysis
Communication Services · Entertainment
Sell if holding. Analyst target reached at $73.21 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (2.3% away).
Madison Square Garden Entertainment is a live entertainment company operating iconic venues including Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre, hosting nearly 6 million guests at over 975 events in Fiscal Year 2025. Revenue comes... Read more
Sell if holding. Analyst target reached at $73.21 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (2.3% away). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.3/10, high confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 59d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Madison Square Garden Entertain
About Madison Square Garden Entertain
Madison Square Garden Entertainment Corp. operates five venues across New York City and Chicago — Madison Square Garden (seating approximately 21,000), The Theater at Madison Square Garden, Radio City Music Hall, Beacon Theatre, and The Chicago Theatre — hosting nearly 6 million guests at more than 975 events in Fiscal Year 2025. The Christmas Spectacular sold approximately 1.1 million tickets across 200 performances that fiscal year, representing 18% of company revenues.
MSGE earns revenue through multiple streams: event ticketing for concerts, sporting events, family shows, and special events at its five venues; arena license fees from MSG Sports under 35-year Arena License Agreements requiring the NBA's Knicks and NHL's Rangers to play home games at The Garden through 2055; premium suite licenses at The Garden (23 event-level spaces, 58 Lexus Level suites, and 18 Infosys Level suites, primarily structured as multi-year corporate agreements with annual escalators); sponsorship and signage sold jointly with MSG Sports under a sales representation agreement; and food, beverage, and merchandise sales. The company primarily licenses its venues to third-party promoters for a fee rather than promoting directly — limiting direct revenue risk on individual events — though co-promotion positions do expose the company to event-level economic risk. The Christmas Spectacular, for which the company has held rights since 1997, runs exclusively at Radio City Music Hall and contributes 18% of revenues from roughly 200 annual performances.
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MSGE's revenues are highly sensitive to consumer and corporate discretionary spending and to local economic conditions in New York City, where four of its five venues operate. Following the 2008 financial crisis, the company experienced lower event bookings and reduced suite license renewals. Government-mandated capacity restrictions during COVID-19 forced venues to close for 'the substantial majority of Fiscal Year 2021.' A separate regulatory risk stems from the Madison Square Garden Complex's zoning special permit, renewed for only five years in September 2023, with Amtrak, the MTA, and NJ Transit asserting in a June 2023 compatibility report that The Garden 'imposes severe constraints on Penn Station' and calling for significant cash contributions and property transfers as conditions of future permit renewal.
See also: Communication Services · Entertainment
From Madison Square Garden Entertain's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-15Recent Developments — Madison Square Garden Entertain
Latest news
- NEWS PETA Buys Madison Square Garden Entertainment Stock in Bid to Get Animals Out of Christmas Spectacular - PETA — PETA negative
- NEWS MSGE earnings in focus as Harry Styles residency anticipation builds - Investing.com — Investing.com positive
- NEWS Madison Square Garden Entertainment (MSGE) Expected to Announce Earnings on Tuesday - MarketBeat — MarketBeat neutral
- NEWS Madison Square Garden Ent stock (US55825T1034): Why live events resilience matters more now - AD HOC NEWS — AD HOC NEWS positive
- NEWS MSGE Maintained by Guggenheim -- Price Target Raised to $76.00 - GuruFocus — GuruFocus positive
Generated 2026-06-17T12:36:50Z.
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Frequently Asked Questions
Sell if holding. Analyst target reached at $73.21 — A.R:R is negative (-1.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Near 52-week high (2.3% away). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $69.23. Score 5.3/10, high confidence.
Take-profit target: $73.44 (+0.3% upside). Prior stop was $69.23. Stop-loss: $69.23.
Analyst target reached - limited upside remaining; Near 52-week high (2.3% away); Leverage penalty (D/E 24.7): -1.5.
Madison Square Garden Entertain trades at a P/E of 71.3 (forward 29.1). TrendMatrix value score: 4.9/10. Verdict: Sell.
15 analysts cover MSGE with a consensus score of 4.1/5. Average price target: $77.
What does Madison Square Garden Entertain do?Madison Square Garden Entertainment is a live entertainment company operating iconic venues including Madison Square...
Madison Square Garden Entertainment is a live entertainment company operating iconic venues including Madison Square Garden, Radio City Music Hall, the Beacon Theatre, and The Chicago Theatre, hosting nearly 6 million guests at over 975 events in Fiscal Year 2025. Revenue comes from event tickets, premium hospitality, sponsorship, food and beverage, and merchandise; the Christmas Spectacular (Radio City Rockettes) represented 18% of FY2025 revenues.