SiriusXM Bearish Analyst Highlights Key Near Term Challenges
1. BofA maintains Underperform rating on SIRI with a $21 price target. 2. SIRI aims for $1.5 billion free cash flow by 2027 despite challenges. 3. Low subscriber churn but potential headwinds expected in 2025. 4. Advertising sales impacted by economic uncertainty and consumer concerns. 5. New pricing strategies and podcasting may mitigate advertising weaknesses.