SiriusXM (SIRI) rose 3.49% to $21.23 on renewed investor confidence, driven by Zacks highlighting compelling upside potential following the renewal of the Howard Stern contract through 2028.
- Management is targeting $1.5 billion in free cash flow by 2027, supported by $200 million in annualized cost savings achieved in 2025.
- The company maintains a defensible market position with 90% of its subscriber base being in-car, complemented by new CFO Zachary Coughlin's automotive expertise.
- Analysts noted attractive fundamentals, including sustainable 31% EBITDA margins, a 5% dividend yield, and a debt reduction goal targeting a 3.6x leverage ratio.