Madison Square Garden (NYSE:MSGS) Upgraded to Hold at Wall Street Zen

Posted by Brian Himes on Aug 24th, 2026

Wall Street Zen upgraded shares of Madison Square Garden (NYSE:MSGS – Free Report) from a sell rating to a hold rating in a research note issued to investors on Sunday morning.

Other equities analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised their price target on shares of Madison Square Garden from $450.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Zacks Research raised shares of Madison Square Garden from a “strong sell” rating to a “hold” rating in a research note on Friday, August 14th. Susquehanna boosted their price objective on shares of Madison Square Garden from $430.00 to $477.00 and gave the stock a “positive” rating in a research note on Friday, August 14th. Morgan Stanley upgraded Madison Square Garden from an “equal weight” rating to an “overweight” rating and set a $450.00 price objective for the company in a report on Wednesday, July 15th. Finally, Citigroup raised their target price on Madison Square Garden from $355.00 to $360.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $471.20.

Get Our Latest Stock Analysis on Madison Square Garden

Madison Square Garden Trading Up 0.3%

NYSE:MSGS opened at $407.48 on Friday. The stock has a market cap of $9.81 billion, a P/E ratio of 1,358.31 and a beta of 0.62. The stock’s 50-day moving average is $391.61 and its 200-day moving average is $352.20. Madison Square Garden has a 1-year low of $193.87 and a 1-year high of $438.93.

Madison Square Garden (NYSE:MSGS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.52. Madison Square Garden had a net margin of 0.67% and a negative return on equity of 3.47%. The business had revenue of $278.75 million during the quarter, compared to analyst estimates of $227.67 million. During the same quarter last year, the business earned ($0.07) EPS. The firm’s quarterly revenue was up 36.6% on a year-over-year basis. As a group, equities analysts forecast that Madison Square Garden will post -0.74 EPS for the current year.

Institutional Investors Weigh In On Madison Square Garden

A number of institutional investors have recently modified their holdings of the company. Gabelli Funds LLC grew its stake in shares of Madison Square Garden by 0.9% in the 4th quarter. Gabelli Funds LLC now owns 394,292 shares of the company’s stock valued at $101,984,000 after buying an additional 3,607 shares during the period. M&T Bank Corp grew its stake in Madison Square Garden by 1,394.6% in the 4th quarter. M&T Bank Corp now owns 16,396 shares of the company’s stock valued at $4,241,000 after purchasing an additional 15,299 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Madison Square Garden by 1.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 613,391 shares of the company’s stock worth $158,654,000 after purchasing an additional 6,873 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Madison Square Garden in the 4th quarter worth about $5,596,000. Finally, Empowered Funds LLC grew its position in Madison Square Garden by 211.7% during the first quarter. Empowered Funds LLC now owns 11,309 shares of the company’s stock valued at $3,635,000 after buying an additional 7,681 shares during the period. 68.94% of the stock is owned by institutional investors.

About Madison Square Garden

(Get Free Report)

Madison Square Garden Sports Corp (NYSE: MSGS) is a leading sports and entertainment holding company focused on professional sports franchises and related media assets. The company owns and operates teams such as the NBA’s New York Knicks, the NHL’s New York Rangers and the WNBA’s New York Liberty. Through these flagship franchises, MSG Sports offers a range of products and services including ticketing, premium seating and sponsorship opportunities, targeting fans in the New York metropolitan area and beyond.

In addition to team operations, Madison Square Garden Sports Corp holds a majority stake in MSG Networks, a regional cable network that broadcasts live sporting events, news and original programming.