Sirius XM Stock Could Shoot 24% Higher According to a Wall Street Analyst. Is It a Buy Now?

Shares of Sirius XM Holdings (NASDAQ: SIRI) are down a disappointing 56% in 2024, but it probably isn't time to turn our backs on the satellite radio provider.Improving subscriber trends recently inspired Guggenheim analyst Curry Baker to upgrade the stock and raise its price target to $30 per share. Baker gave Sirius XM a buy rating, and the new target implies a gain of about 24% from recent prices.Wall Street analysts are bullish for Sirius XM, but that doesn't necessarily mean it's a good stock to buy now. Let's weigh this company's advantages against some challenges it faces to see if following the latest Wall Street recommendation makes sense.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool