SiriusXM Shares Climb After Deutsche Bank Upgrade to Buy Rating

By EC Assets · Published 2 September 2026

SiriusXM Holdings shares saw an increase after Deutsche Bank upgraded the satellite radio company's stock. The bank raised its rating to Buy from Hold. This upgrade occurred on Wednesday, with Deutsche Bank also increasing its price target for SiriusXM Holdings to $45. Shares of SiriusXM Holdings rose about 5% in premarket trading following the news. Deutsche Bank identified potential for growth reacceleration at the company. The bank noted SiriusXM Holdings is likely to experience considerable upside. This growth is attributed to its digital audio advertising segment. Deutsche Bank suggested that SiriusXM Holdings has been "overlooked" by the Street. The satellite radio stock continues to grow as its business evolves. This article is intended for informational purposes only. It does not constitute investment advice.