Wells Fargo & Company Issues Positive Forecast for Sirius XM (NASDAQ:SIRI) Stock Price

Sirius XM (NASDAQ:SIRI) had its target price lifted by Wells Fargo & Company from $30.00 to $31.00 in a report issued on Friday morning, MarketBeat Ratings reports. The firm currently has an equal weight rating on the stock.

Other equities analysts also recently issued reports about the stock. Benchmark reissued a “buy” rating on shares of Sirius XM in a report on Wednesday. Morgan Stanley upped their price objective on shares of Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Weiss Ratings raised shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. lifted their target price on shares of Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 1st. Finally, Evercore set a $28.00 target price on Sirius XM in a report on Friday, May 1st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.82.

Sirius XM Stock Down 4.4%

Shares of NASDAQ SIRI opened at $29.62 on Friday. The stock has a market cap of $9.97 billion, a PE ratio of 11.85, a PEG ratio of 0.67 and a beta of 0.95. The business has a fifty day moving average of $29.36 and a two-hundred day moving average of $25.33. Sirius XM has a 52-week low of $19.76 and a 52-week high of $32.66. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.44 and a current ratio of 0.46.

Sirius XM (NASDAQ:SIRI) last issued its earnings results on Thursday, July 30th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.08). Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm posted $0.57 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Sirius XM will post 3.1 earnings per share for the current fiscal year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, August 10th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, August 10th. Sirius XM’s payout ratio is currently 45.57%.

Insider Transactions at Sirius XM

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total transaction of $618,793.52. Following the transaction, the insider owned 20,163 shares in the company, valued at $601,462.29. This represents a 50.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Sirius XM

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new stake in shares of Sirius XM during the first quarter valued at approximately $1,243,000. Aspen Grove Capital LLC bought a new position in Sirius XM in the 1st quarter worth approximately $2,277,000. Brighton Jones LLC bought a new position in Sirius XM in the 4th quarter worth approximately $622,000. Bank of New York Mellon Corp lifted its holdings in Sirius XM by 7.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,177,761 shares of the company’s stock worth $50,263,000 after buying an additional 157,860 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Sirius XM by 262.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after buying an additional 4,560,821 shares in the last quarter. Institutional investors and hedge funds own 10.69% of the company’s stock.

Trending Headlines about Sirius XM

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

• Positive Sentiment: Sirius XM reported 1% year-over-year revenue growth to approximately $2.16 billion, exceeding estimates, while adjusted EBITDA rose 3% and free cash flow increased 48%. The company also returned to positive net subscriber growth, adding 22,000 subscribers, and reported a record-low 1.4% churn rate. Sirius XM Q2 2026 earnings call highlights
• Positive Sentiment: Management raised its 2026 targets, including approximately $8.525 billion in revenue and $1.375 billion in free cash flow. Falling leverage toward the 3.4x target could allow Sirius XM to restart share repurchases, supporting the stock’s valuation and per-share cash-flow outlook. SiriusXM outlines 2026 targets
• Positive Sentiment: JPMorgan raised its price target from $26 to $34 while maintaining a neutral rating, and Wells Fargo lifted its target from $30 to $31 with an equal-weight rating. These changes suggest improved expectations, although neither firm adopted a bullish rating. Analyst price-target updates
• Neutral Sentiment: The company launched a $5-per-month Sports Pass featuring sports audio and WWE Radio. The offering could broaden Sirius XM’s subscriber base and advertising opportunities, but its financial impact has not yet been demonstrated. SiriusXM sports plan
• Negative Sentiment: Second-quarter adjusted earnings of $0.70 per share missed the $0.78 consensus estimate, even though earnings improved from $0.57 a year earlier. The earnings shortfall outweighed the revenue beat and prompted the post-results selloff. Sirius XM Q2 earnings miss
• Negative Sentiment: Investors viewed the revised 2026 outlook as insufficiently strong relative to expectations, with revenue guidance around $8.5 billion versus consensus near $8.6 billion. The departure of COO Wayne Thorsen amid restructuring adds an additional execution and leadership uncertainty. SiriusXM shares slide after earnings

About Sirius XM

Sirius XM Holdings Inc is a leading audio entertainment company specializing in subscription-based satellite and streaming radio services. Formed in 2008 through the merger of Sirius Satellite Radio and XM Satellite Radio, the company delivers a broad range of programming across music, sports, news, talk and comedy channels. Sirius XM’s offerings include exclusive live sports play-by-play, artist-curated music channels, news coverage from major networks and original talk and entertainment series.

Headquartered in New York City, Sirius XM serves listeners throughout the United States and Canada, reaching tens of millions of subscribers.