Stifel, Nicolaus & Company have a nice report (Download PDF) on XMSR. They expect XM to hit 5 million subscribers in two weeks (around Sept 23rd) and give it a 1-year target of $44. This is a very well written report in my opinion and worth the read even if you’re an XM-hater (anti-xmelot?) though history has shown us to be weary of what those crazy analysts say anyway.
My guess is that XM has already hit 5 million subscribers and are holding out for “the right time” to announce it (those PR boys are crafty).
Thanks Greg!
Leave a comment