MSG Entertainment price target raised to $52 from $42 at Goldman Sachs

Goldman Sachs raised the firm’s price target on MSG Entertainment (MSGE) to $52 from $42 and keeps a Buy rating on the shares. The firm is positive on the company’s robust end-of-summer event slate, continued strength in consumer demand for live entertainment, ramping momentum in sponsorship sales, and improving expense management, the analyst tells investors in a research note. Goldman is also raising its FY26 revenue view by 1% and operating income by 4% to reflect improving visibility into event supply and robust consumer demand heading into the all important holiday season.