Sirius XM Holdings Inc. (NASDAQ:SIRI) is included among the 10 Best May Dividend Stocks to Buy.
On April 24, Guggenheim Partners raised its price recommendation on Sirius XM Holdings Inc. (NASDAQ:SIRI) to $34 from $29. It reiterated a Buy rating. The firm said it is updating its model ahead of Q1 earnings expected next week. It also raised its second-half and full-year estimates following news that Sirius will become the exclusive audio advertising representative for YouTube (GOOGL) in the U.S.
On April 23, Rosenblatt Securities analyst Barton Crockett upgraded SIRI to Buy from Neutral with a $46 price target. He said “the amazing endorsement” tied to the YouTube deal, along with “the laser beam focus” on S-band spectrum for satellite services and satellite-to-device or cell phone capabilities, supports a stronger outlook. He also pointed to developments around a potential SpaceX IPO, Amazon and its Globalstar acquisition, and the FCC’s March 27 NPRM as factors that “argue for a huge unlock of value.”
Sirius XM Holdings Inc. (NASDAQ:SIRI) is an audio entertainment company in North America. Its portfolio includes the SiriusXM subscription service, the Pandora streaming platform, a large podcast network, and a range of business and advertising solutions.
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