Madison Square Garden Entertainment Corp. (MSGE – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Cameron Mansson-Perrone from Morgan Stanley maintained a Hold rating on the stock and has a $41.00 price target.
Cameron Mansson-Perrone’s rating is based on a combination of factors that highlight both the strengths and challenges facing Madison Square Garden Entertainment Corp. The company has demonstrated strong revenue and adjusted operating income (AOI) performance, even in a softer concert environment for FY25, which underscores the robustness of its assets. Despite these strengths, the overall risk and reward appear balanced, leading to a Hold rating.
Cameron Mansson-Perrone acknowledges the company’s solid asset portfolio and its exposure to consumer demand for live events, which are expected to drive moderate to high single-digit growth in revenue and AOI over the coming years. However, challenges such as the impact of playoff performance, limited event bookings during playoff windows, and the need for better monetization visibility contribute to the cautious outlook. The company’s guidance for AOI growth remains consistent, but the potential for upside is seen more in monetization than in event volume, justifying the Hold recommendation.
According to TipRanks, Mansson-Perrone is a 4-star analyst with an average return of 21.8% and a 92.31% success rate. Mansson-Perrone covers the Communication Services sector, focusing on stocks such as Vivid Seats, Live Nation Entertainment, and Sirius XM Holdings.