Sirius XM Stock Drops Despite Price Target Hike: Why?

Wednesday, Jul 16, 2025 10:01 am ETmin read
Aime RobotAime Summary

- Sirius XM's stock price declined despite a $10 price target hike by analysts, signaling investor skepticism.

- Concerns over slowing subscription growth and intensifying competition from streaming services pressured the stock.

- Mixed Q3 results showing flat revenue and rising content costs amplified doubts about long-term profitability.

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