Guggenheim analyst Curry Baker maintains $Madison Square Garden Entertainment (MSGE.US)$ with a buy rating, and adjusts the target price from $42 to $48.
According to TipRanks data, the analyst has a success rate of 59.0% and a total average return of 11.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Madison Square Garden Entertainment (MSGE.US)$'s main analysts recently are as follows:
Consumer health remains 'solid', and shares are expected to benefit if the second half concert calendar solidifies. However, estimates are being adjusted downward following the company's reduction of FY25 guidance. This change is due to slower concert bookings and additional costs related to the internalization of sponsorship sales.
MSG Entertainment's Q1 revenue faced challenges, particularly with concerts, influenced by tough comparisons, although its earnings surpassed Wall Street forecasts due to improved operating expenses. It was observed that there have been recent event cancellations, which were attributed to either subdued interest in specific shows or acts, or due to artist injuries or illnesses.
Note:
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