Sirius Stock Predictions: Why You Should Raise Your Bets On Sirius XM

This SIRI stock forecast article is written by Motek Moyen Research, Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.

Summary:

  • I reiterate the buy recommendation I made for Sirius XM’s stock last November 5. 
  • Before COVID-19 came around, SIRI posted a 52-week high of $7.40 last February. Trust me, this stock is a great bargain whenever it trades below $6.
  • Sirius XM and Pandora are enjoying a tailwind from this global pandemic. Satellite radio and streaming music entertain people while they work or learn from home. 
  • Consider the dip in SIRI’s stock price as a cheaper buy-in window. Sirius XM is a profitable company that is also a leader in its industry.
  • The recent acquisition of Simplecast fortified Sirius XM’s podcasting empire. There are now over 155 million American podcast listeners.

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