Sirius XM Holdings (SIRI -1.10%) was one of the market’s biggest winners over the past decade; since bottoming out in early 2009, it has been a wealth-altering 125-bagger. But how should investors assess the satellite radio giant’s prospects for the next 10 years?
Visualizing where Sirius XM will be come 2029 is no easy task. It’s not just a matter of forecasting how people will be consuming audio entertainment in 10 years. There are also the factors such as auto ownership trends to consider, and what markets Sirius XM might have enters beyond its current stronghold of satellite radio. How many subscribers will it have, and will average revenue per user be higher, lower, or about the same?
One prediction we can be fairly certain of is that Sirius XM won’t repeat its 125-bagger performance from today’s levels, as that would push its market cap north of $3 trillion.
Image source: Sirius XM…
