Goldman Sachs Group Inc updated their model ahead of quarterly results, following Sirius XM Radio Inc.’s release of stronger than expected 2Q13 net adds. They forecast 2Q revenue/adjusted EBITDA of $938mn/$278mn (+11.7%/+17.1% yoy), both slightly above consensus of $935/$273mn. Goldman Sachs raise their 12-month price target to $4.25 (from $3.50), as they roll forward to 2014YE.
It is on a news site called Valuewalk and I do not know why we do not see showing on the other news sites. Search for - Sirius XM Radio PT Raised By Goldman Sachs - and you can read the full article.
Malone and Liberty won`t give Sirius away,I doubt they`d even sell it.Plan is to use Sirius`s credit to buy back as much of the float as they can-pure play on valuation,which will be improved every Qtr.going forward. Long and strong till 10.00.
Sentiment: Strong Buy