By Relmor Demitrius -
Sirius XM Radio (NASDAQ: SIRI) has received a price target upgrade to $1.25 from Barrington Research™, on November 9th, 2009, according to theflyonthewall.com™.
Sirius XM is currently trading at .63 cents a share.
S & P analyst Tuna Amobi has reiterated his “Hold” opinion and his $1 price target on shares of Sirius XM radio.
On November 5th, 2009 Sirius XM Radio, home of Howard Stern, the NFL, and NASCAR, presented their earnings for the third quarter of this year. They beat earnings estimates by .02 cents a share as well as revenue and subscription estimates as well. Investors were pleased to see this company return to a pattern of growth in subcriptions. Investors expect more upgrades and higher price targets shortly, based on the latest earnings results. Sirius XM has also issued guidance on certain metrics for the first time since Sirius and XM merged in July of 2008.
There is a new movie called “Stock Shock” that follows several Sirius XM investors through their experience of watching their stock go from almost ten dollars a share—down to 5 cents/share. “Stock Shock” suggests this might be due to “naked short selling” and other market manipulation by high rollers on Wall Street. It gives a good review of how our stock markets are engineered. Amazon.com has it and stockshockmovie.com