Morgan Stanley Forecasts Strong Price Appreciation for Sirius XM (NASDAQ:SIRI) Stock

Posted by ABMN Staff on Jul 23rd, 2026

Sirius XM (NASDAQ:SIRI – Get Free Report) had its price objective raised by stock analysts at Morgan Stanley from $24.00 to $28.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s target price would suggest a potential downside of 6.13% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Barrington Research raised their price objective on Sirius XM from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Evercore set a $28.00 target price on Sirius XM in a report on Friday, May 1st. Rosenblatt Securities decreased their target price on Sirius XM from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. JPMorgan Chase & Co. upped their target price on Sirius XM from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 9th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $28.00.

View Our Latest Report on SIRI

Sirius XM Stock Down 1.5%

Shares of NASDAQ:SIRI opened at $29.83 on Tuesday. The firm has a 50 day simple moving average of $28.83 and a 200-day simple moving average of $24.89. Sirius XM has a twelve month low of $19.76 and a twelve month high of $31.42. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $10.04 billion, a PE ratio of 12.59, a P/E/G ratio of 0.65 and a beta of 0.95.

Sirius XM (NASDAQ:SIRI – Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Sirius XM had a net margin of 9.86% and a return on equity of 9.19%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same period last year, the firm posted $0.59 EPS. The company’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts predict that Sirius XM will post 3.1 EPS for the current fiscal year.

Insider Activity

In related news, insider Scott Andrew Greenstein sold 20,744 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $29.83, for a total transaction of $618,793.52. Following the transaction, the insider owned 20,163 shares of the company’s stock, valued at $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 available through this link. 3.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Sirius XM

A number of hedge funds have recently added to or reduced their stakes in SIRI. Dimensional Fund Advisors LP grew its position in Sirius XM by 262.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock valued at $145,426,000 after buying an additional 4,560,821 shares during the last quarter. AQR Capital Management LLC increased its stake in Sirius XM by 165.2% in the 2nd quarter. AQR Capital Management LLC now owns 5,191,440 shares of the company’s stock valued at $117,327,000 after buying an additional 3,233,922 shares during the period. Norges Bank purchased a new position in Sirius XM during the 4th quarter worth $57,124,000. Hsbc Holdings PLC raised its position in Sirius XM by 858.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,076,539 shares of the company’s stock worth $41,726,000 after buying an additional 1,859,872 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in Sirius XM during the 4th quarter worth $34,548,000. 10.69% of the stock is owned by institutional investors and hedge funds.

Key Sirius XM News

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

Positive Sentiment: Sirius XM declared a quarterly cash dividend of $0.27 per share, payable August 26 to shareholders of record August 10, reinforcing management’s commitment to returning cash to investors. SiriusXM Declares Quarterly Cash Dividend
Positive Sentiment: The company is expanding content by adding multiple Audacy local sports, news, and spoken-word stations to SiriusXM, including high-profile brands such as WFAN and WEEI, which could strengthen its lineup and subscriber appeal. SiriusXM adding a number of Audacy local sports stations to lineup
Positive Sentiment: SiriusXM also signed new entertainment content, including an exclusive podcast deal with Trixie Mattel and Katya Zamolodchikova, showing continued investment in premium programming. SiriusXM Signs Trixie Mattel and Katya Zamolodchikova’s ‘The Bald and the Beautiful’ Podcast (Exclusive)
Neutral Sentiment: Several articles highlighted the broader rollout of Audacy stations and SiriusXM’s content partnerships, but these appear to be incremental operational updates rather than immediate financial catalysts. Audacy Sports, News and Talk Stations Will Be Heard on SiriusXM
Negative Sentiment: Morgan Stanley raised its price target to $28 but kept an “underweight” rating, which may be pressuring shares by signaling limited upside from current levels. Sirius XM price target raised by Morgan Stanley

Sirius XM Company Profile

(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.