Pandora (P) Tops Q2 EPS by 3c, Offers Guidance
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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
July 24, 2015 9:25 AM EDT
Albert Fried & Company upgraded Pandora (NYSE: P) from Market Perform to Buy with a price target of $19. Analyst Rich Tullo noted solid Q2 results and said momentum behind artists fair pay is fading.
"We give Pandora a BB+ for 2Q15A results. While total revenue $286.6 million beat our estimate $279.5 million; Ad revenue in 2Q15A, $230.7 million, missed our estimate, $237.5 million. Owing to... More
July 24, 2015 8:25 AM EDT
Cowen and Company affirms Pandora (NYSE: P) with an Outperform rating and $23 price target following the company's Q2 results issued Thursday night.
Analyst John Blackledge summarized: [Pandora] reported solid 2Q15 financial results as revenue and EBITDA topped street estimates and were above the high-end of guide,... More
