Sirius XM (NASDAQ:SIRI) Price Target Raised to $26.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Sirius XM from $24 to $26 and kept a "neutral" rating, a target that implies about a 4.7% downside from the stock's current price.
• Sirius XM beat Q1 estimates with $0.72 EPS vs $0.70 and $2.09B revenue, and management is targeting roughly $1.35B of free cash flow for 2026 while launching YouTube audio ads — positive catalysts that, along with M&A speculation and heavy call buying, support upside momentum.
• Analyst sentiment is mixed—four Buys, three Holds and three Sells—with an average rating of "Hold" and an average price target of $27.70, reflecting divergent views on the stock's near‑term outlook.

Sirius XM (NASDAQ:SIRI - Get Free Report) had its target price boosted by equities researchers at JPMorgan Chase & Co. from $24.00 to $26.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential downside of 4.67% from the company's current price.

Several other brokerages also recently commented on SIRI. Barrington Research reissued an "outperform" rating and set a $28.00 price objective on shares of Sirius XM in a research report on Thursday, February 5th. Weiss Ratings cut shares of Sirius XM from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, February 6th. UBS Group set a $24.00 price objective on shares of Sirius XM in a research note on Tuesday, February 10th. Guggenheim restated a "buy" rating and set a $34.00 target price (up from $29.00) on shares of Sirius XM in a research note on Friday, April 24th. Finally, Moffett Nathanson began coverage on shares of Sirius XM in a research note on Tuesday, January 27th. They set a "neutral" rating and a $21.00 target price on the stock. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.70.

Sirius XM Stock Up 1.2%

Shares of NASDAQ:SIRI traded up $0.34 during midday trading on Friday, reaching $27.28. The company's stock had a trading volume of 2,147,722 shares, compared to its average volume of 5,142,423. The firm has a 50 day moving average of $23.48 and a 200-day moving average of $21.97. The firm has a market capitalization of $9.18 billion, a P/E ratio of 12.17, a PEG ratio of 0.71 and a beta of 0.85. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.75. Sirius XM has a 12-month low of $19.71 and a 12-month high of $28.77.

Sirius XM (NASDAQ:SIRI - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. Sirius XM had a net margin of 9.41% and a return on equity of 8.93%. The company's revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. On average, research analysts anticipate that Sirius XM will post 3.1 earnings per share for the current year.

Institutional Trading of Sirius XM

A number of institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC lifted its position in shares of Sirius XM by 612.8% during the first quarter. Root Financial Partners LLC now owns 1,390 shares of the company's stock worth $32,000 after purchasing an additional 1,195 shares during the last quarter. Rossby Financial LCC lifted its position in shares of Sirius XM by 57.7% during the fourth quarter. Rossby Financial LCC now owns 1,621 shares of the company's stock worth $32,000 after purchasing an additional 593 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Sirius XM in the fourth quarter valued at about $40,000. Jessup Wealth Management Inc bought a new stake in shares of Sirius XM in the fourth quarter valued at about $40,000. Finally, Geneos Wealth Management Inc. grew its stake in Sirius XM by 36.7% in the first quarter. Geneos Wealth Management Inc. now owns 1,836 shares of the company's stock valued at $41,000 after purchasing an additional 493 shares during the last quarter. 10.69% of the stock is currently owned by institutional investors.

Trending Headlines about Sirius XM

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

• Positive Sentiment: Q1 results beat revenue and EPS expectations (revenue $2.09B, EPS $0.72), showing stable top‑line and margin improvement versus prior year — supports the earnings‑driven move higher. Sirius XM (SIRI) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Company reported double‑digit profit growth attributed to subscription price hikes and Pandora advertising strength — suggests sustainable EBITDA/earnings lift from pricing and ad monetization. SiriusXM Posts Double-Digit Profit Growth on Subscription Price Hikes, Pandora’s Ad Revenue
• Positive Sentiment: Management is targeting roughly $1.35B of free cash flow for 2026 and plans to launch YouTube audio ads this fall — a clear path to higher cash conversion and new ad revenue channels. SiriusXM targets ~$1.35B 2026 free cash flow while launching YouTube audio ads this fall
• Positive Sentiment: Market speculation about a potential combination with iHeartMedia is circulating; M&A talk can re‑rate the stock on takeover/strategic upside expectations. SiriusXM Beats Wall Street Expectations Amid Talks of iHeartMedia Combination
• Positive Sentiment: Unusually large call option buying (over 62K calls) suggests traders are positioning for further upside, which can amplify short‑term moves. SiriusXM Posts Strong Q1 As iHeart Merger Rumors Swirl
• Neutral Sentiment: Sirius XM confirmed there are no new material risks since its 2025 10‑K, reaffirming existing SEC disclosures — removes some regulatory/overnight‑news uncertainty but is not a material catalyst by itself. Sirius XM Confirms No New Material Risks Since 2025 10-K, Reaffirming Existing SEC Disclosures
• Neutral Sentiment: Analyst pieces and earnings call summaries provide detail on metrics and long‑term outlook; useful for modeling but largely confirm the quarter rather than introduce new positives or negatives. Sirius XM Holdings Inc. Q1 2026 Earnings Call Summary

Sirius XM Company Profile

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.

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