Madison Square Garden Entertainment Corp. (MSGE) Gets a Buy from Seaport Global

Seaport Global analyst David Joyce reiterated a Buy rating on Madison Square Garden Entertainment Corp. (MSGE – Research Report) today and set a price target of $44.00. The company’s shares closed yesterday at $36.89.

According to TipRanks, Joyce is a 2-star analyst with an average return of 0.0% and a 50.54% success rate. Joyce covers the Communication Services sector, focusing on stocks such as Paramount Global Class B, Endeavor Group Holdings Inc, and Live Nation Entertainment.

Currently, the analyst consensus on Madison Square Garden Entertainment Corp. is a Moderate Buy with an average price target of $43.50, which is a 17.92% upside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $43.00 price target.

The company has a one-year high of $41.58 and a one-year low of $27.55. Currently, Madison Square Garden Entertainment Corp. has an average volume of 465K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MSGE in relation to earlier this year.

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Madison Square Garden Entertainment Corp. (MSGE) Company Description:

Sphere Entertainment Co is premier live entertainment and media company. The firm creates, writes, cast, produce, and tour major shows and events. The company’s portfolio includes Sphere, a next-generation entertainment medium to the world.