Sirius XM (NASDAQ:SIRI) Given New $34.00 Price Target at JPMorgan Chase & Co.

Posted by Geri Gentry on Jul 31st, 2026

Sirius XM (NASDAQ:SIRI – Get Free Report) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $26.00 to $34.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 13.41% from the stock’s previous close.

SIRI has been the subject of a number of other research reports. Benchmark reissued a “buy” rating on shares of Sirius XM in a research report on Wednesday. Bank of America reaffirmed an “underperform” rating on shares of Sirius XM in a research report on Friday. Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, July 9th. Morgan Stanley raised their price objective on Sirius XM from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Finally, Guggenheim restated a “buy” rating and set a $35.00 target price (up from $34.00) on shares of Sirius XM in a research note on Friday. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Sirius XM presently has an average rating of “Hold” and a consensus target price of $30.55.

Check Out Our Latest Research Report on SIRI

Sirius XM Stock Down 3.2%

NASDAQ SIRI traded down $0.99 on Friday, reaching $29.98. 2,028,187 shares of the stock traded hands, compared to its average volume of 5,048,500. Sirius XM has a 12 month low of $19.76 and a 12 month high of $32.66. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.70 and a beta of 0.95. The company has a fifty day moving average price of $29.34 and a 200-day moving average price of $25.30. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.44 and a current ratio of 0.44.

Sirius XM (NASDAQ:SIRI – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.08). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. Sirius XM’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.57 earnings per share. As a group, research analysts forecast that Sirius XM will post 3.1 EPS for the current fiscal year.

Insider Transactions at Sirius XM

In other Sirius XM news, insider Scott Andrew Greenstein sold 20,744 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $29.83, for a total value of $618,793.52. Following the completion of the transaction, the insider owned 20,163 shares of the company’s stock, valued at approximately $601,462.29. This trade represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.27% of the company’s stock.

Institutional Investors Weigh In On Sirius XM

Large investors have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position 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 acquiring an additional 509 shares during the period. Valeo Financial Advisors LLC raised its stake in Sirius XM by 3.2% in the 2nd 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 last quarter. Sprinkle Financial Consultants LLC acquired a new stake in Sirius XM during the 2nd quarter worth about $961,000. GAMMA Investing LLC lifted its position in Sirius XM by 44.1% during the 2nd quarter. GAMMA Investing LLC now owns 2,823 shares of the company’s stock worth $83,000 after acquiring an additional 864 shares during the period. Finally, CoreCap Advisors LLC grew its stake in Sirius XM by 421.7% during the 2nd quarter. CoreCap Advisors LLC now owns 3,130 shares of the company’s stock valued at $92,000 after purchasing an additional 2,530 shares during the last quarter. 10.69% of the stock is owned by hedge funds and other institutional investors.

Sirius XM News Summary

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

Positive Sentiment: Sirius XM reported second-quarter revenue of $2.16 billion, up 1% year over year and slightly above Wall Street expectations. Subscription and advertising momentum supported the increase. Sirius XM Q2 Earnings Miss Estimates, Revenues Increase Y/Y
Positive Sentiment: The company returned to positive net subscriber growth, adding approximately 22,000 subscribers, while reporting record-low churn. Management also cited strong advertising performance and free cash flow.
Positive Sentiment: Sirius XM raised its 2026 targets, including approximately $8.525 billion in revenue and $1.375 billion in free cash flow, with the free-cash-flow outlook reportedly increased by $25 million. SiriusXM Outlines 2026 Targets
Positive Sentiment: The company is launching a $5-per-month Sports Pass, including sports programming and WWE Radio. The lower-priced offering could broaden Sirius XM’s audience and create another growth channel. Sirius XM Sports Plan
Neutral Sentiment: Wells Fargo raised its price target on SIRI from $30 to $31 but maintained an Equal Weight rating, indicating limited expected upside from current levels.
Negative Sentiment: Quarterly adjusted earnings of $0.70 per share missed the $0.78 consensus estimate by $0.08, despite improving from $0.57 a year earlier. The shortfall was the primary catalyst for the negative reaction. SiriusXM Shares Slide After Earnings Miss
Negative Sentiment: Although management raised its outlook, the revenue target remains below the roughly $8.6 billion analyst consensus, contributing to concerns that growth will remain modest. The departure of COO Wayne Thorsen amid restructuring adds an additional execution risk.

About Sirius XM

(Get Free Report)

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.