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.