Albert Fried & Company Reiterates an 'Overweight' on Pandora (P); Creating The Next Leg Up in Growth
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Price: $16.43 -4.25%
Rating Summary:
17 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
17 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade P Now!
Albert Fried & Company reiterates an 'Overweight' on Pandora (NYSE: P) price target of $13.00.
Analyst, Rich Tullo, said, "Pandora offers a great service and has a strong revenue growth potential. However, we think great Companies do not always offer attractive returns for equity investors. However, given the roughly 30% upside to our $13 Target we think Pandora is a great company and perhaps its shares are a good trade over the next 12 to 18 months."
"We predict P revenue to expand 50% Y/Y to $100.4 million in F2Q13E from $66.9 million in F2Q12A. We expect, content costs to expand 95% to $65.8 million in F2Q13E from $33.7 million in F2Q12A as increase service usage and rate card increases weigh on results. Thus we expect P to post a $13 million loss in F2Q13E (-$0.08 per share)."
For an analyst ratings summary and ratings history on Pandora click here. For more ratings news on Pandora click here.
Shares of Pandora closed at $9.64 yesterday, with a 52 week range of $7.83-$15.97.
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Analyst, Rich Tullo, said, "Pandora offers a great service and has a strong revenue growth potential. However, we think great Companies do not always offer attractive returns for equity investors. However, given the roughly 30% upside to our $13 Target we think Pandora is a great company and perhaps its shares are a good trade over the next 12 to 18 months."
"We predict P revenue to expand 50% Y/Y to $100.4 million in F2Q13E from $66.9 million in F2Q12A. We expect, content costs to expand 95% to $65.8 million in F2Q13E from $33.7 million in F2Q12A as increase service usage and rate card increases weigh on results. Thus we expect P to post a $13 million loss in F2Q13E (-$0.08 per share)."
For an analyst ratings summary and ratings history on Pandora click here. For more ratings news on Pandora click here.
Shares of Pandora closed at $9.64 yesterday, with a 52 week range of $7.83-$15.97.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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