Pandora (P) PT Raised to $14 at Mizuho; One of Most Likely to be Acquired
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FBR Capital Reiterates Outperform as Pandora (P) Announces Warner Music Deal
September 16, 2016 11:08 AM EDTFBR Capital reiterated an Outperform rating and $16.00 price target on Pandora (NYSE: P) following the company's announcement that it has entered into a direct deal with Warner Music. After the company signed several direct deals on September 13th, Pandora said Warner was... More
Oppenheimer Remains Sidelined as Pandora (P) Announces Licensing Deals
September 14, 2016 9:28 AM EDTOppenheimer reiterated a Perform rating on Pandora (NYSE: P) following the company's announced licensing deals with Sony Music, Universal Music, Merlin, and 40+ independent record labels. The new (on-demand) service is expected to launch domestically in 4Q:16, and will pay 65%-70% of its potential revenue to... More
SunTrust Robinson Humphrey Reiterates Buy on Pandora (P) Following Announced Direct Deals
September 14, 2016 8:16 AM EDTSunTrust Robinson Humphrey reiterated a Buy rating and $18.00 price target on Pandora (NYSE: P) following the company's announced U.S.-only direct deals with most major labels.
Analyst Robert Peck commented, "Pandora announced direct deals with most major labels, which would allow it... More
Pandora (P): Direct Licensing Deals, Another Step Towards Profitability - Wedbush
September 14, 2016 7:16 AM EDTWedbush analyst, Michael Pachter, reiterated his Outperform rating on shares of Pandora (NYSE: P) on the belief that if the company can convert 2 million Pandora One subscribers to on-demand and attract both 1 2 million new U.S. on-demand subscribers, and 1 2 million international ondemand subscribers in... More
Mizuho Affirms Pandora (P) at 'Neutral'; Label Deals are Positive, But Key Player Still Missing
September 13, 2016 11:17 AM EDTMizuho affirms Pandora Media (NYSE: P) with a Neutral rating and $11 price target after the company announced the signing of direct licensing agreements for recorded music with Merlin Network, Sony Music and Universal Music Group, along with The Orchard and over 30 other independent labels and distributors.
Analyst Neil Doshi commented today:
We are pleased to see that Pandora has signed... More
Pandora (P) Enters on-Demand Music Deals with Merlin Network, Sony Music, Others
September 13, 2016 7:16 AM EDTPandora (NYSE: P) announced the signing of direct licensing agreements for recorded music with Merlin Network, Sony Music and Universal Music Group, along with The Orchard and over 30 other independent labels and distributors.
These landmark agreements create a win-win partnership between Pandora and the music industry, opening up new revenue streams for artists and labels, while paving the way for Pandora to bring new products to market that enable enhanced subscription services, fuel new advertising opportunities and deliver unprecedented flexibility and ease of use to listeners. The agreements apply to Pandoras... More