Will Sirius stock ever go up?
According to our current SIRI stock forecast, the value of Sirius XM Holdings shares will rise by 4.18% and reach $ 4.33 per share by March 14, 2024. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear).
Based on analyst ratings, Sirius XM Holdings Inc's 12-month average price target is $4.89. Sirius XM Holdings Inc has 17.13% upside potential, based on the analysts' average price target. Sirius XM Holdings Inc has a conensus rating of Hold which is based on 2 buy ratings, 2 hold ratings and 4 sell ratings.
Stock Price Forecast
The 11 analysts with 12-month price forecasts for Sirius XM stock have an average target of 4.75, with a low estimate of 3.25 and a high estimate of 7.00. The average target predicts a decrease of -0.21% from the current stock price of 4.76. * Price targets were last updated on Jan 23, 2024.
On average, Wall Street analysts predict that Sirius Xm Holdings's share price could reach $5.20 by Jan 23, 2025. The average Sirius Xm Holdings stock price prediction forecasts a potential upside of 21.78% from the current SIRI share price of $4.27. What is SIRI's forecast return on equity (ROE) for 2024-2027?
| High | $7.00 |
|---|---|
| Median | $4.75 |
| Low | $3.50 |
| Average | $4.92 |
| Current Price | $4.1800 |
Sirius stock has been negatively impacted by headwinds in advertising and a delayed recovery in the auto sales industry since the beginning of 2023. In Q3 2023, the company saw a weak subscriber growth trend with 94k subscriber net losses and a churn of 96k self-pay net losses.
Sirius XM Holdings long term debt for 2023 was $8.69B, a 6.11% decline from 2022. Sirius XM Holdings long term debt for 2022 was $9.256B, a 4.8% increase from 2021. Sirius XM Holdings long term debt for 2021 was $8.832B, a 3.92% increase from 2020.
Sirius XM stock has received a consensus rating of sell. The average rating score is and is based on 12 buy ratings, 12 hold ratings, and 15 sell ratings.
SiriusXM total revenue reached $6.9 billion in 2022, a 4% increase compared to 2021.
For all of 2023, SiriusXM lost 430,000 customers, driven by a drop of 445,000 among self-pay subscribers, while paid promotional users grew by 15,000. As of the end of 2023, Sirius' self-pay subscriber base stood at more than 31.9 million, with its total users standing at nearly 33.9 million.
Can I trust XM trading?
XM is an award-winning and popular forex broker that has been in operation since 2009 and is headquartered in Cyprus. The broker has over 5 million happy traders worldwide from almost 200 countries. XM also has a high trust score of 93 out of 99 on Trustpilot.
Dividend Summary
The next Sirius XM Holdings Inc dividend is expected to go ex in 2 months and to be paid in 3 months. The previous Sirius XM Holdings Inc dividend was 2.66c and it went ex 23 days ago and it was paid 8 days ago. There are typically 4 dividends per year (excluding specials).
Our clients can choose to trade forex and CFDs on cryptocurrencies, stock indices, commodities, stocks, metals and energies, from the same trading account. With a wide range of trading instruments available from a single multi-asset platform, XM makes trading easier and more efficient.
Sirius XM Holdings Stock Prediction 2030
In 2030, the Sirius XM Holdings stock will reach $ 5.54 if it maintains its current 10-year average growth rate. If this Sirius XM Holdings stock prediction for 2030 materializes, SIRI stock willgrow 32.92% from its current price.
On September 24, 2018, SiriusXM announced its intent to acquire Pandora for US$3.5 billion. The acquisition was completed on February 1, 2019. On October 19, 2020, SiriusXM announced that it completed the acquisition of Stitcher.
The Liberty SiriusXM Group comprises our ownership in SiriusXM.
Critics have been predicting that Sirius XM will fade out in an era of connected cars and free or nearly free streaming audio apps. It's still a viable, profitable, and sustainable platform.
The investor owns 1.01% of the outstanding Sirius XM Holdings stock. The first Sirius XM Holdings trade was made in Q4 2016. Since then Warren Buffett bought shares three more times and sold shares on six occasions. The investor's estimated purchase price is $192 Million, resulting in a loss of 10%.
Sirius XM posted a decline in revenue last year, with management expecting the same in 2024. The company faces intense competition from deep-pocketed rivals. Shares are cheap, but there's no reason to believe they can produce strong returns in the future.
SiriusXM Lost 445,000 Self-Pay Subscribers in 2023 as It Shifts Resources to New Streaming Tier. Full-year revenue dropped 0.6% to $8.95 billion while adjusted EBITDA fell 2% to $2.8 billion.
Why is Sirius being sued?
New York Attorney General Letitia James this week filed a lawsuit against SiriusXM, accusing the satellite radio and streaming audio company of “trapping consumers” in subscriptions and “maintaining deliberately long and burdensome cancellation processes.”
SiriusXM released its Q4 and full-year 2023 financial results, revealing the service lost 445,000 self-pay subscribers throughout the past year.
A Fortune 500 company, SiriusXM and Pandora together reach more than 100 million people each month with their audio products.
Sirius XM Holdings Inc. is the largest radio company measured by revenue and has more than 30 million subscribers.
Howard Stern, on the third year of his eight-figure contract with SiriusXM, earned an estimated $90 million in our 12-month scoring period, before taxes and fees. The shock jock is once again the world's highest-paid radio host.
