Pandora to Acquire Next Big Sound
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Piper Jaffray Bullish Following Pandora's (P) Acquisition of Next Big Sound
May 21, 2015 10:49 AM EDTPiper Jaffray maintains an Overweight rating and $23 price target on Pandora (NYSE: P) following its acquisition of Next Big Sound. Analyst James Marsh says that investors have been kept on the sidelines due to uncertainty related to the CRB hearings. However, The acquisition of... More
Rosenblatt Maintains Buy Saying Pandora (P) has 'Underlying and Untapped' Earnings Power
May 20, 2015 10:19 AM EDTRosenblatt maintains a Buy rating and $20 price target on Pandora (NYSE: P) saying P's base model has "underlying and untapped" earnings power. Analyst Martin Pyykkonen says that P's base model includes a few key financial drivers; creating additional ad inventory, higher ad sales force effectiveness, and driving ad load rates up without... More
Pandora (P) Agrees to Acquire Next Big Sound
May 19, 2015 9:02 AM EDTPandora (NYSE: P), the leading Internet radio service, today announced that it has agreed to acquire Next Big Sound, the leading provider of online music analytics, for an undisclosed sum. The deal marks the latest step in Pandoras commitment to become an indispensable partner to the music industry and accelerates its strategy of harnessing data for the benefit of music makers.
This acquisition will provide Pandora with a powerful analytics tool used by tens of thousands of music makers, labels and marketers looking for data and insights about artists and their fans.... More
