Guggenheim named MSG Entertainment (MSGE) as a best idea entering 2025. Shares have slid about 23% since fiscal Q1 earnings in November due to guidance revisions related to slate timing at the Garden, notes the analyst, who believes the company can still come close to double-digit adjusted operating income growth for FY25 despite one-time slate headwinds. The firm has a Buy rating and $48 price target on MSG Entertainment shares.
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Read More on MSGE:
- MSG Entertainment price target lowered to $41 from $44 at Morgan Stanley
- MSG Entertainment repurchases $25M of MSGE Class A common stock
- Madison Square Garden Entertainment Announces CFO Transition
- MSG Entertainment CFO Michael Grau to leave company effective November 20
- MSG Entertainment price target lowered to $48 from $49 at Guggenheim