Bill Gates’ 10 Stock Positions with Huge Upside Potential

7. Madison Square Garden Sports Corp. (NYSE:MSGS)

Analyst Upside: 30.45%

No. of Hedge Fund Holders: 42

Madison Square Garden Sports Corp. (NYSE:MSGS) is a leading professional sports company in the U.S. The company owns several arenas and sports teams in the U.S.

Paul Golding from Macquarie recently increased the price target on MSGS from $240 to $250, keeping an Outperform rating on the shares. The price upgrade follows strong Q2 FY2025 results. The company generated around $357.8 million in revenues, driven by high fan engagement and successful marketing collaborations. The quarterly revenue was 9% higher compared to Q2 FY2024.

Madison Square Garden Sports Corp.’s (NYSE:MSGS) operations remain robust with high fan enthusiasm. The company’s average combined season ticket renewal rate for the current season is almost 97%. Whereas sponsorship performance has been strong so far. The new deals and renewals with leading partners such as Lenovo and Verizon were a great boost. Apart from that, signage revenues, food, beverage, and merchandise sales also added to the strong performance in Q2. The company seems on track to end the year with another record revenue.