Sirius XM jumps 6% after Deutsche Bank upgrades stock with $45 target

Shares of Sirius XM rose 6% following Deutsche Bank's upgrade from Hold to Buy and a $45 price target, citing strong Q2 results and positive subscriber growth. The company reported $2.16 billion in revenue and a record low churn rate, raising its full-year 2026 guidance. This upgrade highlights Sirius XM's momentum compared to peers Spotify and iHeartMedia, which have struggled this year. Investors will watch the next quarterly report for confirmation of continued growth and free cash flow improvements.