The best idea for 2025 Madison Square Garden Entertainment at Guggenheim By Investing.com
Investing.com — Guggenheim named Madison Square Garden Sports Corp (NYSE: ) its “best outlook” for 2025 given the country’s strong growth in live entertainment and the potential for Penn Station redevelopment plans.
The brokerage expects double-digit adjusted operating income growth in fiscal year 2025 despite recent guidance updates linked to the timing of the event. Shares of MSGE are down about 23% since its first fiscal quarter results, but Guggenheim still hopes for a recovery in the second half of the year and strong growth in fiscal 2026 and 2027.
Guggenheim said MSGE’s New York City assets, including The Garden, are well-positioned to benefit from live events. The brokerage also pointed to ongoing stock repurchases, including a $25 million repurchase.
Another possibility may come from developments around Penn Station, with reports indicating that President-elect Trump has discussed infrastructure projects with New York Governor Kathy Hochul. The sale of MSGE’s Hulu Theater, valued at several hundred million dollars, could unlock additional value for shareholders.
Guggenheim reiterated its “buy” rating and $48 price target, based on a net-weighted ratio that reflects MSGE’s cash, debt, and operating expenses.
