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Sirius XM price target lowered to $32 from $43 at Benchmark
The Fly

Sirius XM price target lowered to $32 from $43 at Benchmark

Benchmark lowered the firm’s price target on Sirius XM (SIRI) to $32 from $43 and keeps a Buy rating on the shares following the company’s “disappointing” 2025 guidance released yesterday morning, including an anticipated revenue decline. However, a Buy rating is still supported by the company’s “credible ambition” for generating $1.5B in 2027 free cash flow, supported by a further $200M in annualized cost savings exiting next year, the analyst tells investors.

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