Wells Fargo & Company Issues Positive Forecast for Sirius XM (NASDAQ:SIRI) Stock Price

Posted by Stanley Muller on Oct 30th, 2026

Sirius XM (NASDAQ:SIRI – Get Free Report) had its price objective increased by Wells Fargo & Company from $31.00 to $33.00 in a report released on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 14.78% from the company’s previous close.

Several other research firms have also commented on SIRI. Morgan Stanley increased their target price 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. JPMorgan Chase & Co. boosted their price target on shares of Sirius XM from $26.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Cantor Fitzgerald initiated coverage on shares of Sirius XM in a research note on Wednesday, September 2nd. They issued an “overweight” rating for the company. Bank of America reiterated an “underperform” rating on shares of Sirius XM in a research report on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Sirius XM from a “hold” rating to a “buy” rating and boosted their target price for the company from $31.00 to $45.00 in a research note on Wednesday, September 2nd. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $32.54.

Get Our Latest Stock Analysis on Sirius XM

Sirius XM Stock Performance

NASDAQ:SIRI traded up $0.08 during mid-day trading on Friday, hitting $28.75. The stock had a trading volume of 2,874,182 shares, compared to its average volume of 4,780,190. The company has a 50 day simple moving average of $27.51 and a 200-day simple moving average of $26.12. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.50 and a beta of 0.98. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.79. Sirius XM has a 52 week low of $19.76 and a 52 week high of $32.66.

Sirius XM (NASDAQ:SIRI – Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.77 by $0.01. Sirius XM had a net margin of 10.23% and a return on equity of 9.37%. The firm had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company earned $0.84 EPS. Sirius XM’s quarterly revenue was down .4% on a year-over-year basis. On average, research analysts expect that Sirius XM will post 2.98 earnings per share for the current fiscal year.

Insider Transactions at Sirius XM

In other Sirius XM news, Director Jonelle Procope sold 16,672 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $29.97, for a total value of $499,659.84. Following the completion of the sale, the director owned 18,354 shares in the company, valued at approximately $550,069.38. This trade represents a 47.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.27% of the company’s stock.

Institutional Trading of Sirius XM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SIRI. BlackRock Inc. raised its holdings in shares of Sirius XM by 82.9% in the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock worth $519,970,000 after buying an additional 7,977,045 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sirius XM by 262.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after purchasing an additional 4,560,821 shares in the last quarter. State Street Corp lifted its holdings in Sirius XM by 68.9% during the 2nd quarter. State Street Corp now owns 5,992,497 shares of the company’s stock valued at $177,018,000 after purchasing an additional 2,444,881 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sirius XM by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 3,012,240 shares of the company’s stock valued at $88,982,000 after acquiring an additional 834,479 shares during the last quarter. Finally, Check Capital Management Inc. CA increased its stake in shares of Sirius XM by 2.0% in the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after buying an additional 59,095 shares in the last quarter. Institutional investors own 10.69% of the company’s stock.

Key Headlines Impacting Sirius XM

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

Positive Sentiment: Higher free-cash-flow guidance: Sirius XM raised its 2026 free cash flow outlook to $1.4 billion and lifted full-year revenue guidance to approximately $8.55 billion, supporting the stock’s income and cash-generation case. SiriusXM expects $1.4B 2026 free cash flow as it raises guidance to $8.55B revenue
Positive Sentiment: Subscriber trends improved: Self-pay net additions reached 5,000 in the third quarter, while the overall subscriber base held steady at roughly 33 million. The stabilization reduces concerns about continued customer erosion. Sirius XM: 3 Key Takeaways for Long-Term Investors
Positive Sentiment: Earnings modestly beat expectations: Third-quarter adjusted earnings were $0.78 per share, above the roughly $0.77 consensus estimate. Sirius XM also reported nearly 20% higher listenership for WWE Radio after its rebrand, providing a positive engagement signal. Sirius XM Tops Q3 Earnings Estimates
Neutral Sentiment: Broader market backdrop: Sirius XM edged higher alongside mixed media stocks, but the Federal Reserve’s comments about the pace of policy changes could influence interest-rate-sensitive valuations more broadly. Fed’s Barkin says US central bank’s direction is straightforward
Negative Sentiment: Revenue remains under pressure: Third-quarter revenue was $2.15 billion, slightly below estimates and down year over year, while earnings declined from $0.84 per share in the prior-year quarter. The $8.55 billion revenue outlook was also modestly below analysts’ consensus. SiriusXM lifts full-year forecasts as Q3 revenue misses estimates

Sirius XM Company Profile

(Get Free Report)

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.