SIRI flat in pre-market as subscriber losses and streaming competition weigh on valuation

Sirius XM (SIRI) is trading flat in pre-market at $21.91 as of December 10, 2025, despite showing modest strength over the past week, while facing persistent headwinds from subscriber losses and intense streaming competition.

• Analysts maintain a price target of $24 per share, suggesting modest upside despite challenges to the company's long-term growth narrative.
• The stock is trading at a Forward P/E of 7.79, significantly below the industry average of 15.36, reflecting market skepticism about future earnings power.
• SIRI closed the previous session at $21.91, up 0.85%, though broader market caution ahead of Federal Reserve policy decisions may be limiting further upside momentum.