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Madison Square Garden Entertainment Corp.

MSGE · NYSE

Market closed$75.25$1.23 (+1.66%)After hours $76.37 · +1.48%

Key statistics

Previous close$74.02
Open$73.70
Day high$75.25
Day low$73.27
52-week high$82.79
52-week low$35.31
Market cap3.56B
Volume355.86K
Average volume487.76K
P/E ratio61.18
Forward P/E—
EPS1.23
Dividend yield0.00%

Market context

Why it moved

MSGE edged higher amid a broadly optimistic market backdrop driven by better-than-expected U.S. inflation data, which eased fears of imminent Federal Reserve rate hikes and supported risk assets including entertainment and venue stocks.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Madison Square Garden Entertainment closed essentially unchanged amid a packed event calendar and swirling legal headlines. The Knicks' first NBA championship in 53 years has lifted the venue's profile dramatically — driving record-smashing Finals ticket prices and spurring high-demand bookings from Bon Jovi, the Jonas Brothers, and a Taylor Swift-Travis Kelce wedding — while an expanded Lexus marketing partnership has reinforced the company's sponsorship-driven revenue model. Offsetting the positive momentum, MSG faces a data-breach lawsuit tied to its facial-recognition surveillance systems (with four of five suits dropped but refiling possible), and separately filed a defamation suit against Wired over an article alleging MSG maintains a database of LGBTQIA celebrities.

-0.0945

July 16, 2026Madison Square Garden Entertainment edged higher, building on a year-to-date gain of roughly 38% as multiple venue-driven catalysts keep investor attention elevated. The company's proposed $1 billion Sphere project at MGM National Harbor—now under FAA scrutiny amid a $200 million state incentive package—alongside an expanded multi-year Lexus marketing partnership and a packed event calendar at MSG (Bon Jovi's nine-show residency, a Jonas Brothers three-night run, and the Rangers' season opener) underscore the strength of its live-entertainment model. Analysts peg fair value near $77, noting modest upside but flagging a rich 72x P/E as a key risk if earnings disappoint.

0.5974

July 15, 2026Madison Square Garden Entertainment closed down nearly 2% in regular trading before rebounding 2% in after-hours to around $75.12, buoyed by news of an expanded multi-year marketing partnership with Lexus that broadens the automaker's presence across MSGE's flagship venues and sports properties. The Lexus deal renewed investor focus on MSGE's partnership-driven monetization model, which has helped fuel an 85% one-year total return and a 38% year-to-date gain. Analysts peg fair value near $77, though the stock's elevated P/E of 72x — well above the 21x Entertainment sector average — signals that high expectations are already embedded in the price. Strong venue demand, highlighted by the Jonas Brothers adding a third sold-out MSG show, underscores the live-experience momentum investors are tracking.

-1.7869

July 14, 2026Madison Square Garden Entertainment closed modestly higher, even as broader markets faced pressure from renewed U.S.-Iran tensions and oil price spikes. Investor focus remains on a mixed analyst backdrop after Goldman Sachs downgraded the stock to Hold from Strong Buy last week, while the company draws attention from a new expanded multi-year Lexus marketing partnership now under valuation scrutiny. A separate WIRED report alleging MSG quietly maintained a celebrity surveillance database tracking race, sexuality, and "risk" levels adds reputational overhang, though the company has denied the allegations and signaled legal action.

1.0102

July 10, 2026Madison Square Garden Entertainment closed modestly lower, slipping less than 0.5% in a quiet session with below-average volume, as the stock continues to trade above its consensus analyst price target of $73.50. Investor attention remains on the company's high institutional ownership (nearly 97%) and a recent wave of position increases, including a notable 483.5% stake boost by Y Intercept Hong Kong Ltd. The broader Communication Services sector (XLC) edged slightly lower in after-hours trading, while macro backdrop uncertainty — including ongoing U.S.-Iran tensions — tempered risk appetite across markets.

-0.4692

July 9, 2026Madison Square Garden Entertainment closed essentially flat amid a significant Goldman Sachs downgrade from Buy to Neutral, though the firm raised its price target to $82—suggesting limited near-term upside after the stock's strong run. Investor attention is also focused on the company's recently signed non-binding agreement with Penn Transformation Partners for a Penn Station-area development deal, and The Sphere project in Las Vegas. Meanwhile, analysts maintain a consensus 'Moderate Buy' rating with an average target of $73.50, and recent insider selling by an EVP adds a cautionary note alongside the Goldman downgrade.

-0.2407

July 8, 2026Madison Square Garden Entertainment closed essentially flat, edging down slightly amid a broad market risk-off session driven by renewed U.S.-Iran military tensions and surging oil prices. The key company-specific focus remains a non-binding agreement with Penn Transformation Partners for Penn Station development, which has investors debating whether MSGE's real estate and venue strategy is fully priced in given its current trading level above the analyst consensus target of $73.50. Institutional interest remains robust, with 96.86% of shares held by institutions and several funds — including Y Intercept Hong Kong — aggressively adding to positions in Q1, even as an EVP sold shares in June and the company's latest earnings narrowly missed EPS estimates.

-0.2801

July 7, 2026Madison Square Garden Entertainment fell over 3% as investors appeared to take profits following the global media attention surrounding Taylor Swift and Travis Kelce's high-profile wedding held at MSG on July 3rd. While the star-studded event — attended by nearly 1,000 guests including celebrities and athletes — generated massive publicity for the iconic venue, analysts noted the wedding is unlikely to directly impact MSGE financials. Investor focus also remains on the company's non-binding Penn Station redevelopment agreement, which guarantees MSG remains fully operational during construction while requiring transfer of the Infosys Theater, and Ariel Investments' continued bullish stance on the stock.

-3.2147

TicketNews · July 17, 2026Madison Square Garden Sues WIRED Over Celebrity ‘Risk’ Database ReportDigital Music News · July 17, 2026Madison Square Garden Sues Wired for Defamation Over Coverage of Leaked Celebrity DatabaseSports Video Group · July 17, 2026MSG Entertainment Files Defamation Lawsuit Against Wired Over July 9 ArticleBillboard · July 17, 2026MSG Sues Wired for Defamation Over Gay Celeb Surveillance Article: ‘Shockingly Unethical’Them · July 17, 2026Madison Square Garden Sues Wired Over Report Claiming Venue Kept LGBTQ+ Celeb DatabaseFox News · July 17, 2026Madison Square Garden sues media outlet over allegations of secret database tracking celebrity 'risk scores'Washington Times · July 17, 2026Madison Square Garden sues Wired over celebrity database reportPollstar News · July 17, 2026MSG Files Defamation Lawsuit Against ‘Wired’ Over Article About Surveillance
Mt Newswire · July 9, 2026Goldman Sachs Downgrades Madison Square Garden Entertainment to Neutral From Buy
Benzinga · July 9, 2026Goldman Sachs Downgrades Madison Square Garden to Neutral, Raises Price Target to $82
Benzinga · July 6, 2026Taylor Swift, Travis Kelce Get ‘Love Story’ Wedding: Is a Film Next? 2 Stocks to Watch
Mt Newswire · June 30, 2026Madison Square Garden Entertainment Expands Marketing Partnership With Lexus
Mt Newswire · June 29, 2026Madison Square's Potential Theater Monetization Already Baked Into Share Price, Seaport Says
Mt Newswire · June 29, 2026Seaport Global Securities Downgrades Madison Square Garden Entertainment to Neutral From Buy
Benzinga · June 23, 2026Morgan Stanley Maintains Equal-Weight on Madison Square Garden, Raises Price Target to $80
Benzinga · June 23, 2026Top 2 Tech And Telecom Stocks That Could Sink Your Portfolio In Q2

Peers

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