BOSTON ( TheStreet) -- Sirius XM (SIRI - Get Report) shares may quadruple to as much as $8 in the next three years as the satellite-radio company adds subscribers without many new costs, says Craig Hodges of the Dallas-based Hodges Fund (HDPMX).Hodges says Sirius, which reports second-quarter financial results Tuesday, could follow a similar trajectory as footwear maker Crocs (CROX - Get Report) and clothing and accessories company Fossil (FOSL - Get Report), which attract a similar rabid fan base of investors. Crocs shares are up more than 840% since the financial crisis took hold in late 2008, and Fossil shares have rallied 400% over that same time.
Sirius XM Stock Could Quadruple, Hodges Says
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.