Sirius XM Holdings Inc. (NASDAQ:SIRI) Stock Has Average Target Price of $32.92

Sirius XM Holdings Inc. (NASDAQ:SIRI) has been given an average rating of “Hold” by the nineteen analysts that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $32.67.

SIRI has been the topic of several research analyst reports. Benchmark reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday, July 29th. Wolfe Research started coverage on shares of Sirius XM in a research report on Wednesday, September 2nd. They set an “outperform” rating for the company. Weiss Ratings raised shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Sirius XM from $34.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, November 3rd. Finally, Morgan Stanley boosted their price objective on shares of Sirius XM from $24.00 to $28.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st.

Key Headlines Impacting Sirius XM

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

• Positive Sentiment: Sirius XM raised its 2026 guidance, with the report citing revenue of about $8.55 billion. Improved expectations could support the investment case, though the provided report does not detail the size of the increase. Sirius XM Holdings lifts 2026 guidance
• Neutral Sentiment: Anjali Sud, former Tubi CEO and a SiriusXM board member, will take over from Jennifer Witz on January 1, 2027. Witz, who is stepping down after nearly 25 years with the company, will remain as an adviser through 2027. Sud’s digital-media experience could be useful, but investors will look for details on her strategy and execution. SiriusXM names Tubi CEO Anjali Sud
• Negative Sentiment: The CEO announcement was accompanied by a report of a roughly 1% premarket dip, suggesting some investors may be cautious about the transition. The change is not immediate, but uncertainty around future leadership priorities could weigh on sentiment in the near term. SiriusXM stock slips as Anjali Sud is named CEO

Institutional Investors Weigh In On Sirius XM

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Sirius XM by 82.9% during the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock worth $519,970,000 after purchasing an additional 7,977,045 shares during the period. Boston Partners increased its position in Sirius XM by 124.2% during the 3rd quarter. Boston Partners now owns 11,390,607 shares of the company’s stock worth $294,841,000 after purchasing an additional 6,309,801 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sirius XM by 262.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after buying an additional 4,560,821 shares during the period. State Street Corp raised its holdings in Sirius XM by 68.9% in the second quarter. State Street Corp now owns 5,992,497 shares of the company’s stock valued at $177,018,000 after buying an additional 2,444,881 shares during the period. Finally, Squarepoint Ops LLC lifted its position in Sirius XM by 3,565.7% during the second quarter. Squarepoint Ops LLC now owns 1,649,327 shares of the company’s stock valued at $48,721,000 after buying an additional 1,604,333 shares in the last quarter. Hedge funds and other institutional investors own 10.69% of the company’s stock.

Sirius XM Stock Down 1.3%

SIRI opened at $32.24 on Wednesday. The firm has a market cap of $10.85 billion, a P/E ratio of 10.75, a PEG ratio of 0.54 and a beta of 0.98. The business’s fifty day simple moving average is $28.02 and its 200 day simple moving average is $26.56. Sirius XM has a 52 week low of $19.76 and a 52 week high of $33.76. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.66.

Sirius XM (NASDAQ:SIRI) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Sirius XM had a return on equity of 9.42% and a net margin of 10.47%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2.16 billion. During the same quarter in the prior year, the company posted $0.84 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Sirius XM will post 3.00 EPS for the current fiscal year.

Sirius XM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, November 6th. Sirius XM’s dividend payout ratio (DPR) is 44.26%.

About Sirius XM

Sirius XM Holdings Inc. provides audio entertainment through its SiriusXM and Pandora services. SiriusXM offers music, talk, news, sports, and other programming through satellite radio and streaming, including access through its mobile app and in-vehicle systems. The company also operates Pandora, a streaming music and podcast service that offers both ad-supported and subscription listening. Its business includes advertising and connected-vehicle services, alongside subscriptions and audio programming.