SIRI Price Prediction Next Week
Analysis and Insights
News and Fundamental Analysis:
Sirius XM has recently shown resilience despite challenges. Warren Buffett's Berkshire Hathaway increased its stake to over 35%, indicating confidence in its long-term potential. The company faces headwinds like declining subscriber growth and competition from streaming services but remains profitable and focuses on content expansion and share buybacks.
Technical Analysis:
The stock is trading at $24.3 with mixed indicators. The RSI_6 is 65.54, not overbought, and the MACD is slightly negative, suggesting bearish momentum. Support levels are at $23.20 and $22.55, with resistance at $25.30 and $25.95.
Price Prediction and Recommendation:
Given the mixed indicators and support levels, Sirius XM is expected to trade between $23.20 and $25.30 next week. The stock is near support, so a hold is recommended.
SIRI Similar Chart Price Prediction
The price of SIRI is predicted to go up 4.09%, based on the high correlation periods with AMSF. The similarity of these two price pattern on the periods is 96.83%.
SIRI
AMSF
Up: 4.09%Similarity: 96.83%
SIRI Revenue Forecast
SIRI EPS Forecast
SIRI FAQs
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SIRI VS S&P500
Sirius XM's satellite radio service and 360L platform have in-car technological advantages over streaming services that the rollout of 5G will not offset.
Pandora has stabilized its losses on the ad-supported side and should be able to substantially increase its advertising rates over the next few years.
Unlike streaming-based competitors, Sirius XM enjoys cost certainty on the royalty fee front thanks to the passage of the Music Modernization Act.
SIRI Analyst's Forecast
Cameron Mansson-Perrone
Morgan Stanley
Sell
2025-01-23
Price Target
$23 → $21
Downside
-5.11%
Morgan Stanley analyst Cameron Mansson-Perrone lowered the firm's price target on Sirius XM to $21 from $23 and keeps an Underweight rating on the shares. Sirius' FY25 guidance points to another year of declining revenue and EBITDA, notes the analyst, who lowered the firm's estimates after incorporating the guidance and strategic update provided last month. SiriusXM announcing that it will sharpen its focus on the core in-car business and reduce investment in streaming creates near-term cost efficiencies, but may limit long-term growth, the analyst added.
Steven Cahall
Wells Fargo
Sell
2024-12-19
Price Target
$22 → $16
Downside
-22.25%
David Joyce
Seaport Global
Strong Buy → Hold
2024-12-11
Price Target
n/a
Downside
0%
