Sirius XM (NASDAQ:SIRI) Stock Gets Price Target Reduction from JPMorgan Chase & Co.

Sirius XM (NASDAQ:SIRI) had its price target decreased by JPMorgan Chase & Co. from $34.00 to $32.00 in a research note published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also recently issued research reports about the company. Citigroup restated a “sell” rating and issued a $25.00 price target (up from $22.00) on shares of Sirius XM in a research report on Friday, July 31st. Guggenheim reaffirmed a “buy” rating on shares of Sirius XM in a research report on Thursday, October 29th. TD Cowen downgraded Sirius XM to a “hold” rating in a research note on Wednesday, September 2nd. Weiss Ratings raised Sirius XM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wolfe Research started coverage on Sirius XM in a report on Wednesday, September 2nd. They issued an “outperform” rating on the stock. Nine investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Sirius XM presently has a consensus rating of “Hold” and an average price target of $32.92.

Sirius XM Stock Down 0.5%

SIRI opened at $33.22 on Tuesday. Sirius XM has a one year low of $19.76 and a one year high of $33.76. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market capitalization of $11.18 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.55 and a beta of 0.98. The business’s 50-day simple moving average is $27.78 and its 200-day simple moving average is $26.38.

Sirius XM (NASDAQ:SIRI) last announced its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. The firm had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Sirius XM had a return on equity of 9.42% and a net margin of 10.47%. The business’s revenue was down .4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.84 EPS. Analysts anticipate that Sirius XM will post 3.00 EPS for the current year.

Sirius XM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 23rd. Investors of record on Friday, November 6th will be paid a $0.27 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.3%. Sirius XM’s payout ratio is 44.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in shares of Sirius XM by 82.9% during the 2nd quarter. BlackRock Inc. now owns 17,602,229 shares of the company’s stock worth $519,970,000 after acquiring an additional 7,977,045 shares during the period. State Street Corp increased its position in Sirius XM by 68.9% during the 2nd quarter. State Street Corp now owns 5,992,497 shares of the company’s stock worth $177,018,000 after purchasing an additional 2,444,881 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sirius XM by 262.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,301,181 shares of the company’s stock worth $145,426,000 after purchasing an additional 4,560,821 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Sirius XM by 38.3% in the second quarter. Bank of New York Mellon Corp now owns 3,012,240 shares of the company’s stock valued at $88,982,000 after buying an additional 834,479 shares during the period. Finally, Check Capital Management Inc. CA raised its holdings in Sirius XM by 2.0% in the first quarter. Check Capital Management Inc. CA now owns 2,942,595 shares of the company’s stock valued at $67,915,000 after buying an additional 59,095 shares during the period. Institutional investors and hedge funds own 10.69% of the company’s stock.

Sirius XM News Summary

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

• Positive Sentiment: Sirius XM raised its full-year 2026 earnings guidance after reporting third-quarter revenue of $2.153 billion and net income of $317 million. The company is targeting about $8.55 billion in annual revenue, and the results suggest cost discipline is helping earnings despite modest top-line growth. Sirius XM Stock Gains Support After Earnings Guidance Raise
• Positive Sentiment: Berkshire Hathaway added nearly one million Sirius XM shares, a roughly $27 million purchase that helped draw investor attention as the stock reached a 52-week high. The buying may be read as a vote of confidence, though it does not guarantee future performance. Berkshire Hathaway Buys More Sirius XM, Sending Stock to 52-Week High
• Positive Sentiment: Goldman Sachs upgraded SIRI to Buy, adding a favorable analyst view that could support sentiment. The Goldman Sachs Group Upgrades Sirius XM to Buy
• Neutral Sentiment: Call-option trading was unusually active, with 39,523 calls bought—about 95% above the reported average. This indicates heightened positioning but does not establish a lasting bullish outlook.
• Neutral Sentiment: SiriusXM is launching a Wu-Tang Clan pop-up channel and fan Q&A. The programming may support listener engagement, but no material financial impact was reported. Wu-Tang Clan Takes Over SiriusXM With New Channel and Fan Q&A
• Negative Sentiment: JPMorgan lowered its expectations for SIRI, providing a counterpoint to Goldman’s upgrade and potentially limiting optimism. JPMorgan Chase & Co. Has Lowered Expectations for Sirius XM Stock Price

Sirius XM Company Profile

Sirius XM Holdings Inc is a media and entertainment company that provides subscription-based audio programming through its SiriusXM service. The company delivers a broad range of commercial-free music, live sports, news, talk and entertainment programming, including exclusive channels, original shows and coverage of major events.

SiriusXM content is distributed primarily through satellite radio and internet streaming. Subscribers can access the service in vehicles, through the SiriusXM mobile app and website, and on supported connected devices.