Wolfe Research upgraded MSG Entertainment (MSGE) to Outperform from Peer Perform with a $46 price target The company’s high-single-digit sales growth potential and “permanent winner status are deeply undervalued” at current share levels, the analyst tells investors in a research note. The firm says that with “robust” live event industry trends, stable tenants, and reliable pricing power, it sees “growth and little downside” for MSG Entertainment. Today’s tough compare to Billy Joel’s 2024 residency “becomes tomorrow’s acceleration” as the Christmas Spectacular show count and prices will rise again, contends Wolfe. Further, the firm believes the The Garden’s fiscal Q1 of 2026 events are trending above a record Q1 of 2025, which is a positive early signal for fiscal 2026.
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