MSGS stock to get boost if Knicks can stretch Spurs series to game 6, Guggenheim says Madison Square Garden Sports shares may see significant gains if the New York Knicks’ NBA Finals appearance extends. Guggenheim reiterated its buy rating and raised its price target, citing potential additional revenue from extended playoff games. The firm also highlighted other catalysts like a business spin-off and potential NBA expansion. Based on third-party valuations, Guggenheim believes MSG Sports shares could trade at a substantial premium.

• Shares of Madison Square Garden Sports could experience sizable upside if the New York Knicks’ NBA Finals run extends to a sixth game.
• Guggenheim reiterated its buy rating on Madison Square Garden Sports and raised its price target to $470 from $422.
• An extended NBA Finals series, particularly reaching Game 6 at The Garden, could add over $15 million in revenue.
• Other potential catalysts for unlocking value include a spin-off of the Knicks and New York Rangers businesses and NBA expansion.
• Guggenheim’s analysis suggests MSG Sports shares could trade at a premium of roughly 48% to the current share price.