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Sirius XM (SIRI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Sirius XM's share price is declining despite Berkshire Hathaway's investments, with competition and lack of growth posing significant challenges. Q3 earnings are expected to be flat, with analysts predicting $0.68-0.75 EPS on $2.19B revenue, continuing the trend of no growth. SIRI needs innovation to drive top-line growth and attract more subscribers.
Sirius stock looked cheap a month ago, and it still does today.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.9% in Sirius XM (SIRI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is experiencing upward momentum on Monday following the news that Warren Buffett has acquired additional shares of the satellite radio provider. The “Oracle of Omaha” invested $87 million to purchase 3.
Sirius XM Holdings Inc (NASDAQ:SIRI) stock is up 6.4% to trade at $26.47 today, one of the better stocks on the Nasdaq today.
This antiquated, off-the-radar company actually still has a great deal to offer certain sorts of investors.
Sirius XM Holdings (SIRI, Financial) experienced a stock movement today, with its price reaching $23.01 and seeing a percentage change of 1.23%. This movement comes shortly after the company's recent strategic decisions, including a reverse stock split and spinoff from Liberty Media, which have kept investors on edge.
A reverse stock split couldn't save the satellite radio stock.
The stock looks like a bargain and pays a nearly 5% dividend.