Analyst: SiriusXM Poised For Better 2014

• Sirius is the market leader in car radio service, and it's now looking to gain a presence in mobile.
• It has already inked deals with Toyota and Honda, extended a deal with Nissan, and plans to make a move into the used market.
• With its impressive free cash flow margins and top line expansion opportunities, fair value could be over $4.

After a generally weak performance in 2013, Marshall Hargrave an analyst at Seeking Alpha believes Sirius XM looks as if it is set to perform much better in 2014, especially if the better-than-expected fourth quarter results are anything to go by. It is now focused on consistent business growth and trying to build its business to stay ahead of rivals, such as Apple and Spotify.

Growth has been solid over the past year, and the radio service has made its presence felt in cars, as well as mobile devices. It currently only has around 25% market share of all the cars on the road, but with new car sales of 16 million estimated this year, there are plenty of opportunities.

Read More Now