Barrington Research Starts Pandora (P) at Outperform; Gaining Share within a Robust Mix of Audio Options
Tweet
Share
E-mailGet Alerts P Hot Sheet
Price: $8.38 --0%
Rating Summary:
8 Buy, 26 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Rating Summary:
8 Buy, 26 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 10 | New: 14
Join SI Premium – FREE
Barrington Research initiates coverage on Pandora (NYSE: P) with an Outperform. PT $18.00.
Barrington analyst said, "First Mover Advantage: Pandora has created a nationally-branded music programming service that has largely defined Internet Radio...Dominant Share of Mobile: With 70% of listening hours generated on mobile devices, Pandora has been ranked the No. 1 app on iPad (Nasdaq: AAPL), No. 2 on iPhone, No. 4 on Android and No. 5 on Blackberry (Nasdaq: RIMM). We expect U.S. mobile ad revenue to advance significantly from its nascent stage, and feel Pandora is well positioned to be a leader...Gaining Share within a Robust Mix of Audio Options: The landscape includes broadcast, satellite, and other Internet radio services as well as various streaming/downloading options. Competition is for mindshare and time spent listening, with monetization in a variety of subscription, sale and advertising vehicles. Pandora’s strong brand awareness and platform availability should enable the company to generate a fair share of advertising and subscription revenue."
For more ratings news on Pandora click here and for the rating history of Pandora click here.
Shares of Pandora closed at $14.76 yesterday.
Barrington analyst said, "First Mover Advantage: Pandora has created a nationally-branded music programming service that has largely defined Internet Radio...Dominant Share of Mobile: With 70% of listening hours generated on mobile devices, Pandora has been ranked the No. 1 app on iPad (Nasdaq: AAPL), No. 2 on iPhone, No. 4 on Android and No. 5 on Blackberry (Nasdaq: RIMM). We expect U.S. mobile ad revenue to advance significantly from its nascent stage, and feel Pandora is well positioned to be a leader...Gaining Share within a Robust Mix of Audio Options: The landscape includes broadcast, satellite, and other Internet radio services as well as various streaming/downloading options. Competition is for mindshare and time spent listening, with monetization in a variety of subscription, sale and advertising vehicles. Pandora’s strong brand awareness and platform availability should enable the company to generate a fair share of advertising and subscription revenue."
For more ratings news on Pandora click here and for the rating history of Pandora click here.
Shares of Pandora closed at $14.76 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Craig-Hallum Assumes DiaMedica Therapeutics Inc. (DMAC) at Buy
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- UBS Starts Mobimo Holding AG (MOBN:SW) at Neutral
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
