Will Sirius XM Stock Hit $8 in 2020?

This is shaping up to be another winning year for Sirius XM Holdings (NASDAQ: SIRI) investors. Shares of the satellite radio provider are trading 21% higher in 2019, and while that lags the market's headier 26% gain this year, it does leave Sirius XM highly likely to post its 11th consecutive year of positive returns. What will 2020 bring?

There are plenty of headwinds and tailwinds swirling about that will play into Sirius XM's performance in the year ahead, but Wall Street's consensus is generally positive. A couple of Wall Street pros feel that the stock could go as high as $8 in 2020, a 16% advance if things go according to plan.

Image source: SiriusXM Holdings.

Source Fool.com