Sirius XM (SIRI) Stock Forecast & Price Target

$25.12 -0.68 (-2.64%)

(As of 11/18/2024 ET)

Sirius XM - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 14 Analyst Ratings

Sell
5

Hold
5

Buy
4

Based on 14 Wall Street analysts who have issued ratings for Sirius XM in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 14 analysts, 5 have given a sell rating, 5 have given a hold rating, and 4 have given a buy rating for SIRI.

Consensus Price Target

$28.96
15.29% Upside

According to the 14 analysts' twelve-month price targets for Sirius XM, the average price target is $28.96. The highest price target for SIRI is $43.00, while the lowest price target for SIRI is $21.00. The average price target represents a forecasted upside of 15.29% from the current price of $25.12.

SIRI Analyst Ratings Over Time

Type	Current Forecast 11/19/23 to 11/18/24	1 Month Ago 10/20/23 to 10/19/24	3 Months Ago 8/21/23 to 8/20/24	1 Year Ago 11/19/22 to 11/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	5 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	5 Sell rating(s)	4 Sell rating(s)	2 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$28.96	$31.25	$37.95	$50.23
Forecasted Upside	15.29% Upside	13.18% Upside	16.78% Upside	-1.13% Downside
Consensus Rating	Reduce	Hold	Hold	Reduce

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SIRI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SIRI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sirius XM Stock vs. The Competition

Type	Sirius XM	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	1.93	2.56	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	15.16% Upside	1,187.90% Upside	9.50% Upside
News Sentiment Rating	Neutral News See Recent SIRI News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/7/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Underweight ➝ Underweight	$20.00 ➝ $21.00	-20.66%
11/6/2024	Guggenheim 3 of 5 stars	C. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/4/2024	The Goldman Sachs Group 2 of 5 stars		Lower Target	Neutral ➝ Neutral	$26.00 ➝ $23.00	-12.01%
11/4/2024	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$40.00 ➝ $40.00	+53.02%
11/4/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$28.00 ➝ $28.00	+1.27%
11/1/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$40.00 ➝ $37.00	+32.85%
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10/24/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underperform	$23.00	-14.21%
10/15/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$43.00 ➝ $43.00	+56.76%
9/26/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Bazinet Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sell ➝ Sell	$2.80 ➝ $21.00	-13.44%
9/24/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Underweight	$23.00	-10.14%
8/6/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$37.50 ➝ $30.00	-1.96%
6/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Jayant Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ In-Line	$42.50 ➝ $32.50	+10.92%
5/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$30.00 ➝ $25.00	-18.30%
4/29/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$55.00 ➝ $50.00	-7.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 12:35 AM ET.

Should I Buy Sirius XM Stock? SIRI Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these Sirius XM pros and cons to contact@marketbeat.com.

Sirius XM
Bull Case

Here are some ways that investors could benefit from investing in Sirius XM Holdings Inc.:

Sirius XM Holdings Inc. has recently increased its quarterly dividend from $0.03 to $0.266 per share, indicating a positive outlook on the company's financial health and potential for returns to investors.
Insider activity shows that an insider sold shares at $31.60, which could be interpreted as a routine profit-taking strategy or a signal of confidence in the company's future performance.
Institutional investors have been actively adjusting their positions in Sirius XM Holdings Inc., with notable increases in holdings by various funds, suggesting a growing interest in the company's potential.
With a 52-week low of $22.18 and a 52-week high of $57.80, Sirius XM Holdings Inc. has shown price stability and potential for capital appreciation based on historical price movements.
Analysts forecast that Sirius XM Holdings Inc. will post 3.08 EPS for the current fiscal year, indicating a positive earnings outlook that could attract investors seeking profitable opportunities.

Sirius XM
Bear Case

Investors should be bearish about investing in Sirius XM Holdings Inc. for these reasons:

Sirius XM Holdings Inc. had a negative return on equity of 52.15%, which may raise concerns about the company's ability to generate returns for shareholders based on its equity investments.
The company's payout ratio of 321.21% indicates that Sirius XM Holdings Inc. is paying out more in dividends than it is earning, which could be unsustainable in the long term and impact future growth prospects.
Despite meeting earnings estimates, Sirius XM Holdings Inc. reported revenue slightly below analysts' expectations, which could signal potential challenges in revenue generation and overall business performance.
Insiders own only 0.79% of the company's stock, which may suggest a lack of significant insider confidence in the company's future prospects or strategic direction.
Recent institutional trading activity shows mixed signals with some funds buying and others selling, indicating uncertainty or differing opinions among institutional investors regarding Sirius XM Holdings Inc.'s future performance.

SIRI Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Sirius XM is $28.96, with a high forecast of $43.00 and a low forecast of $21.00.
: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. There are currently 5 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SIRI shares.
: According to analysts, Sirius XM's stock has a predicted upside of 15.29% based on their 12-month stock forecasts.
: Over the previous 90 days, Sirius XM's stock had 1 upgrade and 1 downgrade by analysts.
: Sirius XM has been rated by research analysts at Bank of America, Barrington Research, Benchmark, Citigroup, Guggenheim, JPMorgan Chase & Co., Morgan Stanley, Pivotal Research, Rosenblatt Securities, and The Goldman Sachs Group in the past 90 days.
: Analysts like Sirius XM less than other "consumer discretionary" companies. The consensus rating for Sirius XM is Reduce while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how SIRI compares to other companies.

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This page (NASDAQ:SIRI) was last updated on 11/18/2024 by MarketBeat.com Staff

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Sirius XM (SIRI) Stock Forecast & Price Target