Pandora (P): Sell The Company Now - Needham

Needham & Company analyst, Laura Martin, reiterated her Buy rating on shares of Pandora (NYSE: P) noting that "virtually no investors think Pandora should remain independent long term because its competitors are too large and more global. Consensus is that P is not large enough to go it alone long term".

In 4 years, P projects it will reach approximately $4B of revenue but the analyst thinks the company should sell now, at prices above $18/share. No change to the price target of $16.

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 $13.85 yesterday.

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