8 Stocks Under $10 and On Sale Right Now - 1 of 8

#1 - Sirius XM Holdings (NASDAQ:SIRI)

We live in a world of on-demand everything. And while Netflix (NASDAQ:NFLX) is drawing a lot of attention as more Americans are sheltered in place, Sirius XM Holdings (NASDAQ:SIRI) should not be quickly overlooked. In 2019, the satellite radio behemoth added 1.1 million subscribers. That brought its total number of paying subscribers to 30 million. That number doesn’t include an additional 5 million subscribers whose subscriptions are paid by automakers.

There are risks in investing in SIRI stock. The most critical one will be to see if demand for the service will decrease. Unemployment numbers are rising and that has a psychological effect on those that are working as well. It’s possible that the company’s subscriber numbers could tumble. It also bears watching how much growth the company will lose as auto sales will almost certainly lag the overall economic recovery.

The company is also facing the announced retirement of its flagship talent, Howard Stern in December. It’s possible that Stern will reconsider his decision and the company owns exclusive rights to Stern’s library through 2027, but fans of the show may go elsewhere to look for content.

At the time of this writing, Sirius XM Holdings was ranked number 15 in the most bought stocks under $10 on Robinhood.

About Sirius XM

Current Price

$23.08

Consensus Rating

Reduce

Ratings Breakdown

4 Buy Ratings, 5 Hold Ratings, 5 Sell Ratings.

Consensus Price Target

$27.58 (19.5% Upside)