Guggenheim Boosts Sirius XM (SIRI) Outlook, Rosenblatt Sees Major Upside Potential

On April 24, Guggenheim Partners raised its terms proposal connected Sirius XM Holdings Inc. (NASDAQ:SIRI) to $34 from $29. It reiterated a Buy rating. The steadfast said it is updating its exemplary up of Q1 net expected adjacent week. It besides raised its second-half and full-year estimates pursuing quality that Sirius volition go the exclusive audio advertizing typical for YouTube (GOOGL) successful the U.S.

On April 23, Rosenblatt Securities expert Barton Crockett upgraded SIRI to Buy from Neutral with a $46 terms target. He said “the astonishing endorsement” tied to the YouTube deal, on with “the laser beam focus” connected S-band spectrum for outer services and satellite-to-device oregon compartment telephone capabilities, supports a stronger outlook. He besides pointed to developments astir a imaginable SpaceX IPO, Amazon and its Globalstar acquisition, and the FCC’s March 27 NPRM arsenic factors that “argue for a immense unlock of value.”

Sirius XM Holdings Inc. (NASDAQ:SIRI) is an audio amusement institution successful North America. Its portfolio includes the SiriusXM subscription service, the Pandora streaming platform, a ample podcast network, and a scope of concern and advertizing solutions.

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