Barrington analyst James Goss reiterated a Buy rating on Sirius XM Holdings (SIRI – Research Report) today and set a price target of $7.50. The company’s shares closed last Friday at $6.68.
According to TipRanks.com, Goss is ranked 0 out of 5 stars with an average return of -7.0% and a 35.8% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Entertainment Class A, Paramount Global Class B, and Clear Channel Outdoor.
Sirius XM Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $7.26, implying an 8.7% upside from current levels. In a report issued on July 29, Rosenblatt Securities also maintained a Buy rating on the stock with a $8.20 price target.
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Based on Sirius XM Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.19 billion and net profit of $309 million. In comparison, last year the company earned revenue of $2.06 billion and had a net profit of $219 million.
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New York-based Sirius XM Holdings, Inc. is a radio company, which provides satellite radio services on a subscription fee basis. The company offers music, sports, entertainment, comedy, talk, news, traffic and weather channels, as well as infotainment services. Its brand channels include SiriusXM Traffic, SiriusXM Travel Link, NavTraffic, NavWeather, SiriusXM Aviation and SiriusXM Marine.
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