Sirius XM Radio (SIRI) PT Raised to $23 at Rosenblatt

Rosenblatt analyst Barton Crockett raised the price target on Sirius XM Radio (NASDAQ: SIRI) to $23.00 (from $22.00) while maintaining a Neutral rating.

The analyst commented: "SiriusXM in 2Q25 continued to have growth struggles, but free cash flow is rising as SiriusXM enters a satellite consolidation phase and cost-controls are pushing spending below expectations. We retain a NEUTRAL rating, but up our price target by $1 to $23, on slightly upped estimates, and continuing to assume a 6.4x EV/2025E EBITDA multiple near current levels."

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