The Simple Reason Why I Won't Buy Sirius XM Holdings Inc. Stock
SiriusXM (NASDAQ: SIRI) has built an impressive business built on subscription revenue. The satellite-radio company has 32.2 million subscribers, an amount that has steadily climbed, and revenue rose 8% to $1.4 billion in the most-recent quarter.
The company has even raised its net income from $143 in Q3 a year ago to $276 million during the same period this year. In addition, the satellite radio provider has another 8.9 million customers in its free trial program, a strong source of ongoing additions to its paid user base.
SiriusXM has no direct competitor, and I have been a customer since 2006. It's a strong brand that has a growing business that has moved in the right direction for years.
Source: Fool.com
Sirius XM Holdings Inc. Stock
€2.98
1.400%
With 7 Buy predictions and 6 Sell predictions the community is currently undecided on Sirius XM Holdings Inc..
With a target price of 4 € there is a positive potential of 34.18% for Sirius XM Holdings Inc. compared to the current price of 2.98 €.
