Barrington Research Maintains an 'Outperform' on Pandora (P); Recommend Buying on Weakness
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Price: $8.38 --0%
Rating Summary:
8 Buy, 26 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
8 Buy, 26 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Barrington Research maintains an 'Outperform' on Pandora (NYSE: P) price target of $18.00.
Analyst, Jeffrey L. Houston, said, "Pandora will continue to gain share and post significant growth in its active user base, listener hours, and advertising/subscription revenue through its differentiated, disruptive technology, which delivers compelling content and first-mover advantage."
"(For Q1'13) We forecast ($0.20), below our prior estimate of $0.01 as Pandora invests more in local salespeople. The Street mean was ($0.02)."
"(For FY'13) The bottom line is guided to be ($0.11)-(0.16) per share, compared with 2012’s ($0.02). We forecast ($0.13), down from ($0.02). The Street mean was positive $0.01. Pandora is investing more in local salespeople to capitalize on its growing share of the U.S. radio market."
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 $14.27 yesterday.
Analyst, Jeffrey L. Houston, said, "Pandora will continue to gain share and post significant growth in its active user base, listener hours, and advertising/subscription revenue through its differentiated, disruptive technology, which delivers compelling content and first-mover advantage."
"(For Q1'13) We forecast ($0.20), below our prior estimate of $0.01 as Pandora invests more in local salespeople. The Street mean was ($0.02)."
"(For FY'13) The bottom line is guided to be ($0.11)-(0.16) per share, compared with 2012’s ($0.02). We forecast ($0.13), down from ($0.02). The Street mean was positive $0.01. Pandora is investing more in local salespeople to capitalize on its growing share of the U.S. radio market."
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 $14.27 yesterday.
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