SIRI Similar Chart Price Prediction
The price of SIRI is predicted to go up 14.81%, based on the high correlation periods with OMEX. The similarity of these two price pattern on the periods is 96.55%.
SIRI
OMEX
Up: 14.81%Similarity: 96.55%
SIRI Revenue Forecast
SIRI EPS Forecast
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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%
