Oppenheimer Maintains Bullish Views and $25 Price Target on Pandora (P) as Stock Prices Discount Bearish CRB Outcome

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Go back to Oppenheimer Maintains Bullish Views and $25 Price Target on Pandora (P) as Stock Prices Discount Bearish CRB Outcome

RBC Capital Cuts Price Target to $24 on Pandora (P) Following 2Q Results

July 24, 2015 9:54 AM EDT

RBC Capital maintained an Outperform rating on Pandora (NYSE: P), and cut the price target to $24.00 (from $25.00), following 2Q results. Revenue of $286MM beat the Street estimates at 283MM and the $280-285MM guidance range.

Analyst Mark Mahaney commented, "P reported a... More

Pandora (P) Recommended at Pacific Crest

July 21, 2015 9:39 AM EDT

Pacific Crest reiterated an Overweight rating on Pandora (NYSE: P) with a price target of $22. Analyst Andy Hargreaves thinks growing ad sales and strategic value make the stock a buy, despite near-term risk of decelerating listener hours.

"We recommend buying P," said Hargreaves. "While there is near-term risk of decelerating listener hours, the stock trades at the bottom of its historical EV/S range. We believe this leaves... More