Pandora Media (NYSE:P) Stock Upgrade
Pandora Media (NYSE:P)’s stock was hiked to a solid Outperform by analysts at Raymond James. P’s past Market Perform rating is has been discontinued by the brokerage firm.
From a total of 28 analysts covering Pandora Media (NYSE:P) stock, 15 rate it a ”Buy”, 2 a “Sell”, and 14 a ”Hold”. This means that 48% of the ratings are positive. The highest target price is $27 while the lowest target price is $10. The mean of all analyst targets is $19.25 with a 52.13% above today’s ($13.6) stock price. Pandora Media was the topic of 31 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Axiom Capital maintained shares on November 17 with “Hold” rating. FBR Capital maintained shares with “Underperform” rating and $10.0 target share price in a report from an October 23. Northland Capital maintained P stock in a recent report from October 26 with “Outperform” rating. RBC Capital Markets downgraded the rating on October 23. RBC Capital Markets has a “Sector Perform” rating and a $20 price target on shares. Finally, Rosenblatt maintained the stock with “Buy” rating in a report issued on an October 23.
Approximately 4.84M shares of stock traded hands. Pandora Media Inc (NYSE:P) has declined 20.01% since April 30, 2015 and is downtrending. It has underperformed by 19.72% the S&P500.
Pandora Media, Inc. is a United States well-known provider of Internet radio in the United States. The company has a market cap of $3.06 billion. The Firm offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It currently has negative earnings. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements.
According to Zacks Investment Research, “Pandora Media, Inc. operates as a provider of Internet radio in the United States. It provides services to traditional computers, smartphones, such as Android phones, Blackberry phones and the iPhone. When a listener enters a single song, artist, composer or genre to start a station, its mathematical algorithms combine the genes cataloged with individual and collective feedback to suggest songs and build personalized playlists. The Company also offers advertising solutions addressing advertising markets: online display, rich media and video, mobile and broadcast radio. Pandora Media, Inc., formerly known as Savage Beast Technologies Incorporated, is based in Oakland, California.” Get a free copy of the Zacks research report on Pandora Media Inc (P).