Morgan Stanley maintains its "Underweight" rating for Sirius XM Holdings (SIRI) but raises its price target from $21.00 to $22.00, a 4.76% increase. The target reflects the firm's most current expectations for Sirius XM Holdings' future valuation. The average one-year price target from 14 analysts is $23.58, implying a 1.13% downside from the current price. The estimated GF Value in one year is $41.80, suggesting a 75.26% upside from the current price.
Morgan Stanley has made a significant adjustment to its outlook on Sirius XM Holdings (SIRI). Despite maintaining its 'Underweight' rating, the financial services firm has raised its price target from $21.00 to $22.00, representing a 4.76% increase [1]. This move reflects the firm's most current expectations for Sirius XM Holdings' future valuation.
The updated price target was set by analyst Cameron Mansson-Perrone, who remains cautious about SIRI’s future prospects. The new target stands at $22.00, indicating a slight optimism in the company's performance. The average one-year price target from 14 analysts is $23.58, implying a 1.13% downside from the current price of $23.85 [1].
The estimated GF Value for Sirius XM Holdings in one year is $41.80, suggesting a 75.26% upside from the current price of $23.85 [1]. This estimate is based on GuruFocus' calculation of the fair value that the stock should be traded at, considering historical multiples, past business growth, and future performance estimates.
Investors are advised to closely monitor Sirius XM Holdings, as the new insights provided by Morgan Stanley's announcement may influence their investment decisions. The company remains a key player in the satellite radio industry, and its performance is closely watched by financial analysts and investors alike.
References:
[1] https://www.gurufocus.com/news/2980918/siri-morgan-stanley-raises-price-target-despite-underweight-rating-siri-stock-news
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