Sirius XM Holdings Inc
SIRI: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$39.00 | Xnqfhn | Hzpssfxgqv |
SiriusXM Earnings: Decent Results With Plan for Technology and Content Investment to Drive Growth
SiriusXM's first quarter was not bad, but revenue remains stagnant, and the SiriusXM subscriber base has continued to contract. With investment in content and technology to improve the SiriusXM streaming app and integration into vehicles, management expects subscriber growth to pick up. However, we are now forecasting slower long-term growth, and we're reducing our fair value estimate from $7.50 to $5.