Expanding In-Car Digital Subscriptions Will Fuel Future Audio Success

Analysts maintained Sirius XM Holdings’ price target at $23.64 as improved Q2 results and solid free cash flow were offset by concerns over future guidance, sluggish streaming-only subscriber growth, and persistent ad revenue weakness. Analyst Commentary Bullish analysts see minimal impact on operating results or share price from a potential Howard Stern departure, with SiriusXM retaining exclusive rights and introducing other prominent audio personalities.

Sirius XM Holdings saw modestly improved revenue growth expectations while valuation multiples remained stable, resulting in a marginal decrease in the consensus analyst price target from $23.86 to $23.64. What's in the News SiriusXM launched SiriusXM Play, its first low-cost, ad-supported subscription package under $7, initially available on a limited basis, with expansion and advanced ad capabilities planned for later in the year.

AnalystConsensusTarget has increased revenue growth from -0.6% to -0.6%.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has decreased revenue growth from -0.5% to -0.5%.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

AnalystConsensusTarget has decreased revenue growth from -0.6% to -0.4% and decreased future PE multiple from 9.9x to 7.9x.