Morgan Stanley Issues Positive Forecast for Sirius XM (NASDAQ:SIRI) Stock Price

Posted by Brian Himes on Jul 21st, 2026

Sirius XM (NASDAQ:SIRI – Get Free Report) had its target price upped by equities research analysts at Morgan Stanley from $24.00 to $28.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 8.50% from the stock’s previous close.

A number of other brokerages have also recently weighed in on SIRI. JPMorgan Chase & Co. increased their price target on shares of Sirius XM from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Barrington Research upped their target price on shares of Sirius XM from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Monday, May 4th. Guggenheim reiterated a “buy” rating on shares of Sirius XM in a research note on Wednesday, June 17th. Finally, Evercore set a $28.00 target price on shares of Sirius XM in a research note on Friday, May 1st. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.00.

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Sirius XM Price Performance

Shares of NASDAQ SIRI opened at $30.60 on Tuesday. The stock has a market cap of $10.30 billion, a P/E ratio of 12.91, a P/E/G ratio of 0.66 and a beta of 0.95. Sirius XM has a twelve month low of $19.76 and a twelve month high of $31.42. The stock has a 50 day moving average of $28.67 and a two-hundred day moving average of $24.74. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83.

Sirius XM (NASDAQ:SIRI – Get Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.07 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. On average, research analysts forecast that Sirius XM will post 3.1 earnings per share for the current year.

Insiders Place Their Bets

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of Sirius XM stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total value of $618,793.52. Following the sale, the insider owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. The trade was a 50.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.27% of the company’s stock.

Hedge Funds Weigh In On Sirius XM

Large investors have recently modified their holdings of the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its holdings in shares of Sirius XM by 5.4% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 9,862 shares of the company’s stock valued at $291,000 after buying an additional 509 shares during the period. Valeo Financial Advisors LLC grew its holdings in Sirius XM by 3.2% during the second quarter. Valeo Financial Advisors LLC now owns 10,916 shares of the company’s stock worth $322,000 after acquiring an additional 340 shares during the period. Sprinkle Financial Consultants LLC purchased a new position in Sirius XM in the second quarter worth $961,000. GAMMA Investing LLC raised its position in Sirius XM by 44.1% in the second quarter. GAMMA Investing LLC now owns 2,823 shares of the company’s stock worth $83,000 after acquiring an additional 864 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its holdings in Sirius XM by 421.7% in the second quarter. CoreCap Advisors LLC now owns 3,130 shares of the company’s stock valued at $92,000 after acquiring an additional 2,530 shares during the period. 10.69% of the stock is owned by hedge funds and other institutional investors.

About Sirius XM

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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.