{"id":17269,"date":"2025-10-26T13:52:16","date_gmt":"2025-10-26T13:52:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/17269\/"},"modified":"2025-10-26T13:52:16","modified_gmt":"2025-10-26T13:52:16","slug":"buy-msg-stock-because-the-winning-knicks-are-growing-in-value-says-citi","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/17269\/","title":{"rendered":"Buy MSG stock because the winning Knicks are growing in value, says Citi"},"content":{"rendered":"<p>Investors should buy shares of Madison Square Garden Sports amid projections that the New York Knicks basketball team will grow in value, according to Citigroup Global Markets. The bank reiterated a buy rating Thursday on the owner of the Knicks and the National Hockey League&#8217;s New York Rangers. Its $285 price target implies about 25% upside from Friday&#8217;s close. The bullish opinion on MSG Sports, controlled by the Dolan family, came the same day as Forbes reported that the Knicks are valued at an estimated $9.75 billion , 30% more than the year before and the third most in the NBA after the Golden State Warriors and Los Angeles Lakers. &#8220;At prevailing levels, Forbes&#8217; value suggests MSGS is trading at ~58% discount, above the average discount of 44% and just below the maximum discount of 62%,&#8221; analyst Steven Sheeckutz wrote in a 16-page report. &#8220;We see scope for this discount to attract incremental investors and maintain our Buy rating on MSGS.&#8221; The Knicks are 2-0 to start the season and one of the favorites to win the Eastern Conference. The analyst also sees room for Forbes&#8217; NHL franchise valuations \u2013 usually unveiled in December \u2013 to increase as well. &#8220;Since Forbes&#8217; last update, we suspect NHL franchises values may benefit from NHL&#8217;s new [collective bargaining agreement] agreement (reducing the risk of any work stoppage) and a new Canadian media rights deal, which saw a healthy 2.1x step-up&#8221; in average annual value, he said. Notably, Madison Square Garden Sports shares have seen positive moves in the past three years in response to a boost in third-party valuations. In this case, Forbes&#8217; updated Knicks valuation could push the stock approximately 12% higher in the 30 trading days after Forbes&#8217; latest estimate, Sheeckutz said. MSGS YTD mountain MSGS, year-to-date Though shares have risen roughly 19% in the past six months, they&#8217;ve substantially underperformed the broader market year to date, rising only about 1% versus the S &amp; P 500 gain of more than 15%. While Wall Street is pretty split on MSG Sports, with five of nine analysts rating it the equivalent of buy versus four giving it a hold, the consensus 12-month price target of $252 implies some 10% upside potential.<\/p>\n","protected":false},"excerpt":{"rendered":"Investors should buy shares of Madison Square Garden Sports amid projections that the New York Knicks basketball team&hellip;\n","protected":false},"author":2,"featured_media":17270,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[3352,3575,12067,9,11,10,12066],"class_list":["post-17269","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-business-news","tag-investment-strategy","tag-madison-square-garden-co","tag-new-york","tag-new-york-headlines","tag-new-york-news","tag-stock-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/17269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=17269"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/17269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/17270"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=17269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=17269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=17269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}