Boston, MA 03\/26\/2014 (wallstreetpr) –\u00a0The business of providing satellite radio services is an area in which Sirius XM Holdings Inc. (NASDAQ:SIRI)<\/b> has carved a niche. But that does not mean that challenges are limited. The company faces competition from online and mostly free music and radio streaming providers like Pandora Media Inc (NYSE:P)<\/b> and Apple Inc (NASDAQ:AAPL)<\/b> through its iRadio service, just to mention a few.<\/p>\n
And for a company that is seeing a lot of light in connected vehicles business, massive vehicles recall like the kind that General Motors Company (NYSE:GM)<\/b> is doing now can be hurting.<\/p>\n
Yet, it is interesting that none of these challenges – or at least few of these challenges – have the potential to derail SIRI. Well, talk is cheap and substantiation of a claim is always important to go with it.<\/p>\n
Analysts have seen in it<\/b><\/p>\n
That Sirius XM Holdings Inc. (NASDAQ:SIRI) is shinning bright can no longer be a secret and analysts are not waiting to let the opportunity slip out of the hand. In the latest bullish sentiment about the stock of SIRI, equity experts at Barclays PLC (ADR) (NYSE:BSC)<\/b> upped their view on the stock and maintained a premium price objective. And as if that was not enough, the analysts laid out key strengths in the stock which ensure continued gain.<\/p>\n
At Barclays, Sirius XM Holdings Inc. (NASDAQ:SIRI) has been awarded overweight rating, up from previous equal-weight rating. The firm planted price target of $4, suggesting upside potential of more than 26 percent compared against previous closing.<\/p>\n
The stock is up more than 12 months so far in March.<\/p>\n
Growing optimism<\/b><\/p>\n
Optimism has been growing around Sirius XM Holdings Inc. (NASDAQ:SIRI) stock of late. Before Barclays weighed in with the latest bullish sentiment on the stock, analysts at Evercore Partners issued overweight rating on the stock on March 17. And before then, analysts at Bank of America Corp (NYSE:BAC)<\/b> upgraded the stock to a buy in a note issued March 14. This month has seen positive ratings coming for the stock, leading to consensus buy and average price target of $4.46.<\/p>\n
Performance<\/b><\/p>\n
Sirius XM Holdings Inc. (NASDAQ:SIRI) has had a good momentum on both earnings and stock price performance. The shares have emerged from historic low to trade around $3.20 per share. On earnings record, the company still battles higher expenses and operating costs, but never far off from expectations. It last reported earnings of $0.01 per share, below consensus $0.02, and revenue of $1,000 million, ahead of consensus $981.92 million.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 03\/26\/2014 (wallstreetpr) –\u00a0The business of providing satellite radio services is an area in which Sirius XM Holdings Inc. (NASDAQ:SIRI) has carved a niche. […]<\/p>\n","protected":false},"author":32,"featured_media":9369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[263],"tags":[1612,1654,5574,1700,1002,653,1010,5575,632,2856,2855,4198],"stock_ticker":[],"class_list":["post-18125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple-inc-nasdaqaapl","tag-bank-of-america-corp-nysebac","tag-barclays-plc-adr-nysebsc","tag-general-motors-company-nysegm","tag-nasdaqaapl","tag-nasdaqsiri","tag-nysebac","tag-nysebsc","tag-nysegm","tag-nysep","tag-pandora-media-inc-nysep","tag-sirius-xm-holdings-inc-nasdaqsiri","entry"],"acf":[],"yoast_head":"\n