In the video above, Fool.com analyst Andrew Tonner discusses the strong pace of U.S. auto sales and the significant impact that this could have on Sirius XM's (NAS: SIRI) subscriber growth. Especially with earnings season upon us (and Sirius reporting on October 30), analysts are starting to take notice and connect the dots between car sales and growth potential for the satellite radio company. With August and September auto sales beating expectations, some analysts predict that Sirius could bring its subscriber base up from 336,000 to 465,000 this quarter. This is reassuring news for investors worried that SIRI's strong run (up 50% YTD) will peter out in the face of new competition from the likes of Pandora (NYS: P) and Spotify.
Already considered one of the market's biggest winners since bottoming out at $.05 cents three years ago, it's apparent that there's still some healthy upside to be had if things continue going right for Sirius XM. In our premium research report, Fool.com analyst and SIRI expert Rick Aristotle Munarriz tells you what everyone else is missing when it comes to Sirius XM, why the company is inherently misunderstood, and exactly what makes it such an incredible opportunity for investors today. You'll also receive a full year of Rick's expert guidance and updates as key news breaks. To get started, just click here now.
The article Big Things Ahead for Sirius XM? originally appeared on Fool.com.
Andrew Tonner has no positions in the stocks mentioned above. Brendan Byrnes has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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