BofA lowered the firm’s price target on Sirius XM (SIRI) to $21 from $23 and keeps an Underperform rating on the shares after the company reported moderately better than projected Q4 results, but maintained recently issued guidance for 2025 that includes year-over-year revenue and EBITDA declines. In addition, the firm believes that Sirius’ subscriber results will be challenged in 2025 given several subscriber headwinds, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIRI:
- Sirius XM price target lowered to $24 from $29 at Rosenblatt
- SiriusXM Surges with Strong Q4 Earnings and Strategic Partnerships
- SiriusXM Earnings Call Highlights Growth Amid Challenges
- Sirius XM price target lowered to $28 from $30 at Barrington
- Sirius XM’s Tax Liabilities Threaten Growth and Mergers Strategy