Sirius XM Analyst Sees Potential To Reach Double-Digit Stock Price
Portfolio Pulse from Anusuya Lahiri
Benchmark analyst Matthew Harrigan reiterated a Buy rating for Sirius XM Holdings Inc (NASDAQ:SIRI) with a $6 price target. SiriusXM stock advanced 4.6% Tuesday, backed by the closure of the Stitcher podcast app. SiriusXM is migrating listeners to its SXM app ahead of a new streaming experience debuting later this year. The company is also looking to enhance the vehicular experience while transforming its product and perception from in-car listening consumption. SiriusXM has the potential to reach a double-digit stock price over Benchmark’s forecast through 2026.
June 28, 2023 | 6:30 pm
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Spotify Technology S.A. terminated its deal with Prince Harry and Megan Markle while merging studios Gimlet and Parcast into a familiar brand.
The termination of Spotify's deal with Prince Harry and Megan Markle and the merging of studios Gimlet and Parcast into a familiar brand is mentioned in the article, but it's not clear how these actions will impact the company's stock in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Sirius XM Holdings Inc has been reiterated with a Buy rating and a $6 price target by Benchmark analyst Matthew Harrigan. The company's stock advanced 4.6% Tuesday, backed by the closure of the Stitcher podcast app.
The positive rating from the Benchmark analyst and the closure of the Stitcher podcast app, which is expected to migrate listeners to SiriusXM's SXM app, are likely to have a positive impact on the company's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100