
MSGS Stock Forecast & Price Target
MSGS Analyst Ratings
Bulls say
Madison Square Garden Sports Corp. is positioned positively due to the projected strong growth in US live professional sports admission spend, which is expected to achieve a compound annual growth rate (CAGR) of around 9% from 2024 to 2028. The company's recent revenues of $357.8 million outperformed expectations, driven by increased ticket sales, suite rentals, and growth in sponsorship and signage revenues. Furthermore, the organization has demonstrated solid operational performance with a season ticket renewal rate of approximately 97%, contributing to a robust outlook for sustained revenue and earnings growth.
Bears say
Madison Square Garden Sports Corp reported an Adjusted Operating Income (AOI) of $20.2 million for the second quarter of 2024, significantly below consensus expectations of $23.3-$23.5 million and representing a 45% decline year-over-year from $37 million. The potential for decreased viewership and attendance due to underperformance of marquee teams like the Knicks and Rangers, coupled with challenges from increased competition, raises concerns about future revenue streams. Additionally, factors such as rising compensation costs and player injuries are projected to negatively impact both earnings and sponsorship revenue, further contributing to a pessimistic outlook for the company's financial performance.
This aggregate rating is based on analysts' research of Madison Square Garden Sports and is not a guaranteed prediction by Public.com or investment advice.
MSGS Analyst Forecast & Price Prediction
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