Sirius XM (SIRI) Stock: $7.10 Target And Hold Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of Sirius XM (SIRI) recently received a $7.10 target from Pivotal Research. These are the details.

The shares of Sirius XM (SIRI) recently received a $7.10 target from Pivotal Research. And Pivotal Research analyst Jeffrey Wlodarczak adjusted the rating from “Buy” to “Hold.”

Wlodarczak adjusted the rating after the second quarter results. And Wlodarczak reduced the 2022 self-pay new subscriber forecast and the ramp in self-pay subscribers in 2023 to account for what is believed will be a significant recession in the first half of next year.