The company creates and offers commercial-free music; premier sports talk and live events; comedy; news; exclusive talk and entertainment; and a wide range of Latin music, sports and talk programming. Sirius XM is available in vehicles from every major car company and on smartphones and other connected devices as well as online.
Sirius XM is also a leading provider of connected vehicles services, giving customers access to a suite of safety, security and convenience services, including automatic crash notification, stolen vehicle recovery assistance, enhanced roadside assistance and turn-by-turn navigation.
The $7 price target on Sirius XM stock at Benchmark may be going higher soon. The $4.44 consensus price target is closer to the $4.40 share price seen on Friday.
Tencent Music Entertainment
As China continues to open up, this is a very solid idea for aggressive growth investors. Tencent Music Entertainment Group Inc. (NYSE: TME) operates online music entertainment platforms to provide music streaming, online karaoke and live streaming services in the People’s Republic of China.
It offers QQ Music, Kugou Music and Kuwo Music, which enable users to discover music in personalized ways. Its WeSing enables users to sing from its library of karaoke songs and share their performances in audio or video formats with friends. Kugou Live and Kuwo Live provide an interactive online stage for performers and users to showcase their talent and engage with a diverse audience base, and Lazy Audio is an audio platform.
In addition, it sells music-related merchandise, including Kugou headsets, smart speakers, WeSing karaoke microphones and Hi-Fi systems, and it offers online music event ticketing services, as well as services to smart device and automobile makers to build and operate music services on devices and vehicles.
Benchmark has set its target price at $11, above the $9.84 consensus target. On Friday, the stock traded at $7.45 a share.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
Originally published at 24/7 Wall St.
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