Analyst: Here’s My Price Target for Sirius XM

A report released last Wednesday by analysts from Lazard Capital Markets upped the EPS estimates for Sirius XM Radio (NASDAQ:SIRI). Currently, the stock has a “buy” rating and a $4 price target for shares. Last Wednesday, the shares opened at $3.15.

February 5th was when Sirius XM Radio last released its earnings data. The company met the consensus EPS for the quarter and exceeded the consensus revenue estimate for the quarter.

The quarterly revenue for the company was up 13.8 percent on a year-over-year basis.Analysts have stated they expect the company to post an EPS of 11 cents for the current fiscal year.