SIRI Stock Recent News
SIRI LATEST HEADLINES
Despite being a net seller of stocks for the last two years, the Oracle of Omaha has unearthed one historically cheap value stock he can't stop buying.
Sirius XM (SIRI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
Sirius XM's share price is declining despite Berkshire Hathaway's investments, with competition and lack of growth posing significant challenges. Q3 earnings are expected to be flat, with analysts predicting $0.68-0.75 EPS on $2.19B revenue, continuing the trend of no growth. SIRI needs innovation to drive top-line growth and attract more subscribers.
SiriusXM (SIRI) shares rallied Monday after Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) raised its stake in the satellite radio company.
Sirius stock looked cheap a month ago, and it still does today.
Berkshire hiked its bet after Liberty Media completed its deal in early September to combine its tracking stocks with the rest of the entertainment company.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.9% in Sirius XM (SIRI). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Sirius XM Holdings Inc. (NASDAQ: SIRI) is experiencing upward momentum on Monday following the news that Warren Buffett has acquired additional shares of the satellite radio provider. The “Oracle of Omaha” invested $87 million to purchase 3.
Sirius XM Holdings Inc (NASDAQ:SIRI) stock is up 6.4% to trade at $26.47 today, one of the better stocks on the Nasdaq today.
This antiquated, off-the-radar company actually still has a great deal to offer certain sorts of investors.