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Goldman Sachs Upgrades Sirius XM to Buy, Raises Target to $37

The target rose from $33 as Goldman highlighted business trends, potential YouTube revenue and Sirius XM’s spectrum assets.

A satellite radio receiver beside a compact rooftop antenna / TokenPost.ai
A satellite radio receiver beside a compact rooftop antenna / TokenPost.ai

Goldman Sachs gave Sirius XM Holdings Inc. (SIRI) a Buy rating in place of Neutral and moved its price target to $37 from $33, pointing to business trends, YouTube revenue potential and spectrum assets.

The bank’s rationale included an improving business picture, the possibility of generating revenue through YouTube and the strategic value of Sirius XM’s spectrum holdings.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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