Sirius XM (SIRI) Stock Forecast & Price Target

$23.42

+0.30 (+1.30%)

(As of 10/8/2024 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

Hold

Based on 12 Analyst Ratings

Sell
3

Hold
4

Buy
5

Based on 12 Wall Street analysts who have issued ratings for Sirius XM in the last 12 months, the stock has a consensus rating of "Hold." Out of the 12 analysts, 3 have given a sell rating, 4 have given a hold rating, and 5 have given a buy rating for SIRI.

Consensus Price Target

$32.27
37.80% Upside

According to the 12 analysts' twelve-month price targets for Sirius XM, the average price target is $32.27. The highest price target for SIRI is $49.00, while the lowest price target for SIRI is $21.00. The average price target represents a forecasted upside of 37.80% from the current price of $23.42.

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SIRI Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$32.27	$37.95	$41.14	$50.23
Forecasted Upside	37.80% Upside	42.15% Upside	13.95% Upside	12.37% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.17	2.55	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	37.80% Upside	1,152.31% Upside	7.91% 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
10/8/2024	Benchmark 2 of 5 stars		Lower Target	Buy ➝ Buy	$65.00 ➝ $43.00	+89.18%
9/26/2024	Citigroup 3 of 5 stars	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 3 of 5 stars		Reiterated Rating	Underweight	$23.00	-10.14%
9/18/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Baker Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$30.00	+28.92%
9/17/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$32.50 ➝ $26.00	+9.24%
9/16/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$3.40 ➝ $28.00	+20.22%
Get the Latest News and Ratings for SIRI and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Sirius XM and its competitors with MarketBeat's FREE daily newsletter.
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%
7/15/2024	Barrington Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$47.50 ➝ $47.50	+24.67%
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
4/24/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$50.50 ➝ $49.00	+55.06%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$55.00 ➝ $45.00	+15.98%
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 Wednesday at 04:14 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 Sunday, October 6, 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 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 future growth.
Institutional investors have shown confidence in Sirius XM, with notable firms like Dimensional Fund Advisors LP and Steward Partners Investment Advisory LLC increasing their holdings in the company, suggesting a favorable long-term investment opportunity.
Insider activity, such as the sale of shares by Scott Andrew Greenstein, can sometimes indicate a positive outlook from company insiders, potentially signaling future growth or strategic developments.
Sirius XM's net margin of 14.56% demonstrates the company's ability to generate profit from its operations, which is a positive indicator for investors looking for stable returns.
With a dividend yield of 4.67%, Sirius XM offers investors a source of passive income in addition to potential capital appreciation, making it an attractive option for income-focused investors.

Sirius XM
Bear Case

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

Sirius XM had a negative return on equity of 52.15%, indicating that the company's assets may not be efficiently utilized to generate returns for shareholders, which could be a concern for investors seeking high returns on equity investments.
The company's revenue of $2.18 billion in the last quarter fell slightly short of analysts' expectations of $2.20 billion, suggesting potential challenges in revenue growth that could impact stock performance in the short term.
Despite the increase in dividend payout, Sirius XM's high payout ratio of 321.21% raises concerns about the sustainability of the dividend payments in the long run, as such a high ratio may limit the company's ability to reinvest in growth opportunities.
Recent insider selling activity, such as the sale of shares by Scott Andrew Greenstein, could be interpreted as a lack of confidence in the company's future prospects, potentially signaling underlying issues that may affect stock performance.
While institutional investors have increased their stakes in Sirius XM, the presence of hedge funds and other institutional investors owning 10.69% of the company's stock may introduce volatility and speculative trading behavior that could impact stock price stability.

SIRI Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Sirius XM is $32.27, with a high forecast of $49.00 and a low forecast of $21.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. There are currently 3 sell ratings, 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SIRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIRI, but not buy additional shares or sell existing shares.
: According to analysts, Sirius XM's stock has a predicted upside of 37.80% 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 Barrington Research, Benchmark, Citigroup, Deutsche Bank Aktiengesellschaft, Guggenheim, Morgan Stanley, 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 Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how SIRI compares to other companies.