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4 days agoCitigroup Upgrades MSG Sports on Rising Knicks Franchise Valuation
Citigroup initiated coverage on Madison Square Garden Sports with a ‘Buy’ rating and a US$ 245 price target, citing a 10% EBITDA growth outlook and rising franchise value of the New York Knicks. Projected FY25 revenue of US$ 958 million is supported by ticket renewals, merchandise sales, and broadcast income. Analysts said MSG Sports benefits from strong fan engagement and media rights tailwinds ahead of the NBA season expansion. The stock rose 2% in pre-market trading after the upgrade announcement.
positive
4 days agoCitigroup Upgrades MSG Sports on Rising Knicks Franchise Valuation
Citigroup initiated coverage on Madison Square Garden Sports with a ‘Buy’ rating and a US$ 245 price target, citing a 10% EBITDA growth outlook and rising franchise value of the New York Knicks. Projected FY25 revenue of US$ 958 million is supported by ticket renewals, merchandise sales, and broadcast income. Analysts said MSG Sports benefits from strong fan engagement and media rights tailwinds ahead of the NBA season expansion. The stock rose 2% in pre-market trading after the upgrade announcement.
positive
Citigroup Upgrades MSG Sports on Rising Knicks Franchise Valuation
4 days ago
1 min read
80 words
Citigroup assigned a US$ 245 target and ‘Buy’ rating to MSG Sports on Knicks-driven EBITDA growth and solid media rights income ahead of the NBA season.
Citigroup initiated coverage on Madison Square Garden Sports with a ‘Buy’ rating and a US$ 245 price target, citing a 10% EBITDA growth outlook and rising franchise value of the New York Knicks. Projected FY25 revenue of US$ 958 million is supported by ticket renewals, merchandise sales, and broadcast income. Analysts said MSG Sports benefits from strong fan engagement and media rights tailwinds ahead of the NBA season expansion. The stock rose 2% in pre-market trading after the upgrade announcement.
Citigroup initiated coverage on Madison Square Garden Sports with a ‘Buy’ rating and a US$ 245 price target, citing a 10% EBITDA growth outlook and rising franchise value of the New York Knicks. Projected FY25 revenue of US$ 958 million is supported by ticket renewals, merchandise sales, and broadcast income. Analysts said MSG Sports benefits from strong fan engagement and media rights tailwinds ahead of the NBA season expansion. The stock rose 2% in pre-market trading after the upgrade announcement.
Companies:
Madison Square Garden Sports
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MSG Sports
stocks
MSG Sports
Citigroup
NBA
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Oct 26, 2025 • 14:38 IST