SiriusXM Faces Headwinds From Pricing Shift, Ad Weakness, Says JPMorgan - Sirius XM Holdings (NASDAQ:SIRI)
1 Articles
1 Articles
SiriusXM Faces Headwinds From Pricing Shift, Ad Weakness, Says JPMorgan - Sirius XM Holdings (NASDAQ:SIRI)
JPMorgan analyst Sebastiano Petti reiterated the Underweight rating on SiriusXM Holdings Inc. (NASDAQ:SIRI) on Tuesday, with a price forecast of $20. The analyst suggests that SiriusXM’s shares are underperforming due to growth challenges driven by demographic changes, a shift toward lower-priced plans and a revamped pricing strategy. These are expected to lead to near-term ARPU “dilution” and margin compression. Petti has revised Pandora’s ad-s…
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