#2 - Sirius XM Holdings (NASDAQ:SIRI)
Sirius XM Holdings Inc. (NASDAQ: SIRI) is another favorite among Robinhood investors. However, SIRI stock has faced significant challenges, declining by more than 58% over the past year. One particularly difficult month saw the stock drop nearly 19%. This downturn may highlight the growing competition Sirius faces in capturing consumer attention.
With the stock recently trading around $23 per share and analysts indicating a potential upside of over 19%, it may present an opportunity for investors. Supporting this optimistic outlook are Sirius's efforts to reinforce its partnership with automakers, a crucial segment of its business.
The company is also leaning into the lucrative podcast segment, which is likely to boost the its advertising revenue, directly benefiting its bottom line. Moves like that are likely a reason the company is drawing the attention of Warren Buffett, whose company Berkshire-Hathaway Inc. (NYSE: BRK.B) continues to buy SIRI stock even while being a net seller of stocks in recent years.
About Sirius XM
Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company's Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.
Read More - Current Price
- $21.55
- Consensus Rating
- Reduce
- Ratings Breakdown
- 4 Buy Ratings, 5 Hold Ratings, 5 Sell Ratings.
- Consensus Price Target
- $27.58 (28.0% Upside)
