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Investing.com - BofA Securities has reiterated its Buy rating and $48.00 price target on Madison Square Garden Entertainment (NYSE:MSGE), maintaining its positive outlook on the entertainment company. The target represents a 30% upside from the current price of $36.79, while other analysts maintain targets between $41 and $48, according to InvestingPro data.
The firm cited MSGE’s solid market position, which should continue to help the company benefit from strong supply and demand trends for live music and entertainment events. InvestingPro analysis shows the company maintains a GOOD financial health score, with an EBITDA of $192.12M in the last twelve months.
BofA Securities highlighted strong Christmas Spectacular demand and higher show count as key drivers for expected AOI (adjusted operating income) growth, while noting encouraging signs for a concert comeback at The Garden. According to InvestingPro data, the company has been profitable over the last twelve months, though investors should note that short-term obligations currently exceed liquid assets. Get access to 6 additional InvestingPro Tips and comprehensive analysis in the Pro Research Report.
The $48 price target is based on approximately 10 times multiple to BofA’s calendar year 2026 estimated AOI, which the firm states reflects structural live entertainment tailwinds.
The multiple is in-line with MSGE’s peers in the entertainment sector, according to BofA Securities’ analysis.
In other recent news, Madison Square Garden Entertainment Corp. (MSGE) announced its fourth-quarter earnings for 2025, which fell short of analyst expectations. The company reported an earnings per share (EPS) of -$0.57, which was notably lower than the anticipated -$0.39, resulting in a 46.15% negative surprise. Revenue figures were also disappointing, with MSGE generating $154.1 million, falling short of the expected $175.06 million, marking an 11.97% shortfall. These results reflect a challenging period for the company, as indicated by the earnings call transcript. The earnings report has been a focal point for investors, highlighting the company’s recent financial struggles. Analyst firms have not yet provided any upgrades or downgrades following this earnings release. These developments are crucial for investors who closely monitor MSGE’s financial performance.
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