Seaport Research Downgrades Sirius XM Holdings Inc. (SIRI) to Neutral

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Seaport Research Downgrades Sirius XM Holdings Inc. (SIRI) to Neutral

Jeff Lewis

Wed, February 18, 2026 at 1:46 PM GMT+9 2 min read

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SIRI

-1.27%

Sirius XM Holdings Inc. (NASDAQ:SIRI) is among the 11 Best Entertainment Stocks to Buy According to Wall Street.

Seaport Research Downgrades Sirius XM Holdings Inc. (SIRI) to Neutral

On February 6, 2026, Seaport Research downgraded Sirius XM Holdings Inc. (NASDAQ:SIRI) to Neutral from Buy and removed its price target. The firm said new revenue and EBITDA guidance appears stable relative to 2025, which compares favorably to prior years of negative growth outlooks and helped drive a relief rally. However, Seaport lowered its estimates based on expectations for moderately worse self-pay net losses in 2026 versus 2025, slower ARPU growth, and the redeployment of much of last year’s cost savings into new initiatives.

Also on February 6, Sirius XM informed subscribers that effective February 24, the standard rate for the Sirius Marine Voyager subscription with Music and Entertainment audio will increase by $1.00 per month, while the Platinum audio tier will rise by $1.01 per month.

Sirius XM reported fourth-quarter revenue of $2.19 billion on February 5, 2026, above the $2.17 billion consensus estimate. CEO Jennifer Witz said the company entered 2025 with renewed strategic focus as a fully independent public company and finished the year with a strong fourth quarter, meaningful free cash flow growth, and results that exceeded full-year guidance. She added that 2026 guidance reflects stabilization of the business, with emphasis on unique programming, automotive leadership, and audio advertising capabilities.

Sirius XM Holdings Inc. (NASDAQ:SIRI) operates an audio entertainment business across its Sirius XM and Pandora and Off-platform segments, offering subscription-based music, sports, news, and talk programming through satellite and streaming platforms.

While we acknowledge the potential of SIRI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Most Profitable Undervalued Stocks to Buy and 11 Best Mining Stocks to Buy According to Wall Street.

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