Sirius XM (SIRI) Stock Forecast & Price Target

$3.72

-0.20 (-5.10%)

(As of 07/26/2024 ET)

Sirius XM - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 11 Analyst Ratings

Based on 11 Wall Street analysts who have issued ratings for Sirius XM in the last 12 months, the stock has a consensus rating of "Hold." Out of the 11 analysts, 2 have given a sell rating, 5 have given a hold rating, and 4 have given a buy rating for SIRI.

Consensus Price Target

$4.07
9.36% Upside

High Forecast	$6.50
Average Forecast	$4.07
Low Forecast	$2.50

According to the 11 analysts' twelve-month price targets for Sirius XM, the average price target is $4.07. The highest price target for SIRI is $6.50, while the lowest price target for SIRI is $2.50. The average price target represents a forecasted upside of 9.36% from the current price of $3.72.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Hold	Hold	Hold	Reduce
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	2 Sell rating(s)	6 Sell rating(s)
Consensus Price Target	$4.07	$4.11	$4.67	$4.98
Forecasted Upside	9.36% Upside	25.27% Upside	6.06% Upside	-15.23% Downside

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SIRI Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SIRI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sirius XM Stock vs. The Competition

Type	Sirius XM	Consumer Discretionary Companies	S&P 500
Consensus Rating Score	2.18	2.55	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	9.36% Upside	122.79% Upside	9.15% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
7/25/2024	Citigroup 3 of 5 stars	J. Bazinet Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Neutral ➝ Sell	$2.80	-29.82%
7/15/2024	Barrington Research 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$4.75 ➝ $4.75	+24.67%
6/27/2024	Guggenheim 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$3.30 ➝ $2.90	+6.23%
6/24/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Jayant Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ In-Line	$4.25 ➝ $3.25	+10.92%
5/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight ➝ Underweight	$3.00 ➝ $2.50	-18.30%
5/1/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$4.50 ➝ $3.40	+15.65%
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5/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	$3.50 ➝ $3.25	+10.54%
4/29/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Joyce Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
4/24/2024	Pivotal Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$5.05 ➝ $4.90	+55.06%
3/27/2024	Benchmark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$7.00 ➝ $6.50	+68.39%
9/27/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$5.50 ➝ $4.50	+15.98%
8/2/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold	$6.25 ➝ $6.00	+20.48%
4/13/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight	$5.40 ➝ $4.40	+10.83%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$5.50 ➝ $5.00	-7.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:21 AM ET.

SIRI Forecast - Frequently Asked Questions

What is Sirius XM's forecast for 2024?: According to the research reports of 11 Wall Street equities research analysts, the average twelve-month stock price forecast for Sirius XM is $4.07, with a high forecast of $6.50 and a low forecast of $2.50.
Should I buy or sell Sirius XM stock right now?: 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sirius XM in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" SIRI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SIRI, but not buy additional shares or sell existing shares.
Does Sirius XM's stock price have much upside?: According to analysts, Sirius XM's stock has a predicted upside of 17.55% based on their 12-month stock forecasts.
Has Sirius XM been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Sirius XM's stock had 3 upgrades and 1 downgrade by analysts.
What analysts cover Sirius XM?: Sirius XM has been rated by research analysts at Barrington Research, Citigroup, Evercore ISI, Guggenheim, Rosenblatt Securities, Seaport Res Ptn, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Sirius XM more than its competitors?: Analysts like Sirius XM less than other "consumer discretionary" companies. The consensus rating for Sirius XM is Hold while the average consensus rating for "consumer discretionary" companies is Moderate Buy. Learn more on how SIRI compares to other companies.