It seems there was some confusion about Howard Stern’s status on SiriusXM. He made a return to his show today after what seemed like a rather emotional start, where he felt it necessary to clarify some things. Interestingly, the company’s shares rose nearly 2.5% in morning trading.
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Today felt significant. Or maybe, it was yesterday—September 8th—when Howard Stern fans were jolted awake, only to hear Andy Cohen announcing he would fill in for Stern’s time slots with his new show, Andy 100. Cohen reflected on the influence Stern has had on Sirius, stating, “He walked so we could run. I can’t fill his shoes.”
While it might have shocked some fans, it quickly became evident that it was all a prank. Stern returned, explaining he had missed last week due to illness, not any contract snags. He expressed satisfaction with Sirius, and the show carried on. Meanwhile, Sirius’ Scott Greenstein, the Chief Content Officer, mentioned, “We love having Stern here,” indicating continuity for the show.
New Leadership on Board
In light of their direction, SiriusXM has added a new board member, Dave Stevenson, who will take on the role of independent director. He also gets involved with the compensation committee, which suggests they’re reviewing how much to pay Stern for his work.
Interestingly, Stevenson has a full plate. He also serves as the Chief Business Officer and Employee Experience Officer at Airbnb, overseeing both global business strategy and HR operations. His prior role as Airbnb’s Chief Financial Officer likely adds depth to his new position.
Assessing SiriusXM Stock
Looking at Wall Street, analysts have reached a consensus on SiriusXM stocks, noting three buys, three holds, and four sells in the last three months. After a 9.89% dip in stock price over the past year, the price target now stands at $23.35 per share, which carries potential downside risk of about 4.65%.
For those tracking SiriusXM’s analyst ratings, more insights are available.
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