Barclays Still Sees Pandora (P) Struggling to Profitability; Maintains 'Underweight'

May 24, 2012 3:16 PM EDT
Get Alerts P Hot Sheet
Price: $13.21 +0.15%

Rating Summary:
    21 Buy, 22 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
Trade P Now!
Join SI Premium – FREE
Barclays maintains an 'Underweight' on Pandora (NYSE: P) price target raised $1 to $9.

Analyst, Anthony DiClemente, said, "While results indicate P is gaining traction with advertisers, it continues to lose money as PF net loss grew driven by content acquisition costs, which represented 69% of revenue, up 1200 bps Y/Y. While P's brand and offering are strong, we think profitability will remain a struggle given the continued shift to mobile listening. Our thesis remains intact as P is seeing negative leverage on content acquisition costs and continued softness in mobile pricing."

DiClemente raises FY12 EPS loss from -0.16 to -0.11 and FY13 from -0.10 to -0.02.

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 $10.33 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Related Entities


Add Your Comment