Pandora (P) Stock Already Priced for Success - Goldman

March 8, 2013 10:48 AM EST
Get Alerts P Hot Sheet
Price: $13.45 +1.51%

Rating Summary:
    21 Buy, 22 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Goldman Sachs today maintained a Neutral rating on Pandora (NYSE: P) with a modified price target of $12.00 (from $11.00).

Analyst Heath P. Terry said, "We continue to believe Pandora is well positioned to benefit from local advertiser adoption of mobile by leveraging its massive inventory, targeting opportunities, and user data. That said, monetization growth in mobile remains slower than expected and in our view significant success is already reflected in Pandora's valuation, therefore we remain Neutral rated."

For an analyst ratings summary and ratings history on Pandora (NYSE: P) click here. For more ratings news on Pandora click here.

Shares of Pandora closed at $11.73 yesterday.

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