Pandora (P): Miss/Guide Down Partially Offset By Positive Investor Day - Mizuho

October 26, 2016 7:19 AM EDT
Get Alerts P Hot Sheet
Price: $12.77 +0.08%

Rating Summary:
    21 Buy, 22 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 35 | Down: 31 | New: 9
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Mizuho Securities analyst Neil Doshi, reiterated his Neutral rating on shares of Pandora (NYSE: P) after a conflicting 3Q miss and guide down, offset by a generally positive Investor Day.

Key Highlights: 1) Pandora has a big and unique opportunity to drive new and meaningful revenue from subscriptions products, but it will take time

2) investments continue to be significant into 4Q and possibly through 2017.

The analyst stated "While we like the long-term opportunity of subscription, proof will be in execution over the next few quarters. With continued weakness in ad revenue, flat user growth and increased investments, we still remain on the sidelines."

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 $12.18 yesterday.

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