tiprankstipranks

Sirius XM price target lowered to $21 from $23 at BofA

Sirius XM price target lowered to $21 from $23 at BofA

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>>

Disclaimer & DisclosureReport an Issue