Sirius XM (NASDAQ:SIRI) Price Target Raised to $33.00

Sirius XM (NASDAQ:SIRI) had its target price hoisted by Wells Fargo & Company from $31.00 to $33.00 in a research note published on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other analysts also recently issued reports on the company. Wolfe Research started coverage on Sirius XM in a research note on Wednesday, September 2nd. They issued an “outperform” rating on the stock. Weiss Ratings raised Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $33.00 price target on shares of Sirius XM in a research note on Friday. Finally, Bank of America restated an “underperform” rating on shares of Sirius XM in a report on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.75.

Sirius XM Price Performance

Shares of SIRI opened at $29.01 on Friday. The firm’s 50-day simple moving average is $27.53 and its two-hundred day simple moving average is $26.16. The stock has a market cap of $9.76 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 0.52 and a beta of 0.98. Sirius XM has a fifty-two week low of $19.76 and a fifty-two week high of $32.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.32 and a current ratio of 0.32.

Sirius XM (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. The company had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sirius XM had a net margin of 10.47% and a return on equity of 9.42%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 EPS. Analysts anticipate that Sirius XM will post 3.00 earnings per share for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Stockholders of record on Friday, November 6th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, November 6th. Sirius XM’s dividend payout ratio is 44.26%.

Insider Buying and Selling

In other news, Director Jonelle Procope sold 16,672 shares of the stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the sale, the director directly owned 18,354 shares in the company, valued at $550,069.38. This represents a 47.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.27% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sirius XM

A number of institutional investors and hedge funds have recently modified their holdings of SIRI. Global Retirement Partners LLC bought a new position in shares of Sirius XM during the 2nd quarter valued at $32,000. Sunbelt Securities Inc. raised its position in Sirius XM by 158.5% in the first quarter. Sunbelt Securities Inc. now owns 1,295 shares of the company’s stock worth $30,000 after acquiring an additional 794 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Sirius XM by 612.8% during the 1st quarter. Root Financial Partners LLC now owns 1,390 shares of the company’s stock valued at $32,000 after acquiring an additional 1,195 shares in the last quarter. Western Wealth Management LLC acquired a new stake in Sirius XM in the first quarter worth approximately $33,000. Finally, Altshuler Shaham Ltd grew its holdings in Sirius XM by 36.7% during the first quarter. Altshuler Shaham Ltd now owns 1,553 shares of the company’s stock valued at $36,000 after purchasing an additional 417 shares during the last quarter. 10.69% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Sirius XM

Here are the key news stories impacting Sirius XM this week:

• Positive Sentiment: Higher 2026 outlook: Sirius XM raised its full-year free cash flow guidance to approximately $1.4 billion and set revenue guidance at about $8.55 billion, supporting the stock’s income and cash-generation appeal. SiriusXM expects $1.4B 2026 free cash flow as it raises guidance to $8.55B revenue
• Positive Sentiment: Subscriber losses stabilized: Self-pay net additions reached 5,000 during the third quarter, while the overall subscriber base held near 33 million. The stabilization reduces concerns about continued customer attrition. Sirius XM: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Analyst price target increased: Wells Fargo lifted its target from $31 to $33 while maintaining an “equal weight” rating, implying additional potential upside but not a strong bullish endorsement. Wells Fargo Sirius XM price target
• Positive Sentiment: Growing content and advertising opportunities: SiriusXM is expanding its podcast business through creators such as MrBallen and Alex Cooper, including efforts to grow YouTube distribution and advertising sales. WWE Radio also reportedly gained nearly 20% in listenership following the company’s rebrand. Inside SiriusXM’s Growing Podcast Empire

About Sirius XM

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.