Cowen Affirms Pandora (P) at 'Outperform' Following Q2 Results; Mobile Growth Accelerating
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RBC Capital Cuts Price Target to $24 on Pandora (P) Following 2Q Results
July 24, 2015 9:54 AM EDTRBC 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
Albert Fried Upgrades Pandora (P) to Buy on Solid Results, Fading 'Fair Pay' Momentum
July 24, 2015 9:25 AM EDTAlbert 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
Pandora (P) Tops Q2 EPS by 3c, Offers Guidance
July 23, 2015 4:05 PM EDTPandora (NYSE: P) reported Q2 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $285.6 million versus the consensus estimate of $283.06 million. For the second quarter of 2015, adjusted EBITDA was $16.3 million, a 29% year-over-year improvement.
Listener Hours: Total listener hours grew 5% to 5.30 billion for the... More
