SiriusXM released second quarter 2022 results that were “in line” with Pivotal Research Group Principal and Internet/Media/Communications Analyst Jeffrey Wlodarczak‘s assessment of the nation’s satellite radio purveyor.
It reiterated its full-year financial guidance while offering “an unsurprising reduction” in its 2022 self-pay net additions forecasts.
How did Wlodarczak respond? Buy “The Liberty SiriusXM Group” instead, as he reduced the rating on SIRI and put a price target in place that is slightly higher than where it stands today.
