Pandora (P) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light
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October 23, 2015 10:07 AM EDT
Goldman Sachs analyst Heath Terry trimmed his price target on Pandora (NYSE: P) to $24.00 (from $25.00) following results Q3 results but maintained a Buy rating.
Q3 results were in-line but listener engagement slowed.
"We continue to believe that with nearly 90mn... More
October 23, 2015 9:57 AM EDT
SunTrust Robinson Humphrey reiterated a Buy rating on Pandora (NYSE: P), and raised the price target to $18.00 (from $25.00), following the company's 3Q15 earnings results. Revenue at $312m missed consensus $313m. While management has largely dismissed competition previously, there was a notable about-face this... More
October 23, 2015 9:38 AM EDT
FBR Capital maintained an Underperform rating on Pandora (NYSE: P), and cut the price target to $10.00 (from $11.00), as Apple's (NASDAQ: AAPL) Music launch negatively effected 3Q results. Pandora sees this as a temporary phenomenon that will fade as... More
October 23, 2015 9:36 AM EDT
BofA/Merrill Lynch downgraded Pandora (NYSE: P) from Buy to Neutral with a price target of $20.00.
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 $19.19 yesterday.
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October 23, 2015 8:14 AM EDT
Albert Fried & Company downgraded Pandora (NYSE: P) from Overweight to Underweight with a price target of $11.00.
Analyst Rich Tullo said, "Pandora shares are down 20% after the market close and in a best case scenario we think Pandora shares are dead money... More
October 23, 2015 7:07 AM EDT
Piper Jaffray downgraded Pandora (NYSE: P) from Overweight to Neutral with a price target of $17.00 (from $23.00).
Analyst James March commented, "We are downgrading Pandora as competition is meaningfully impacting growth while expenses like content and market accelerate into 2016. We previously felt comfortable that a... More
October 23, 2015 6:57 AM EDT
Oppenheimer downgraded Pandora (NYSE: P) from Outperform to Perform and removed its price target (prior $25.00).
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 $19.19 yesterday.
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October 23, 2015 6:56 AM EDT
MKM Partners downgraded Pandora (NYSE: P) from Buy to Neutral with a price target of $14.00 (from $25.00).
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 $19.19 yesterday.
...
More
October 23, 2015 6:56 AM EDT
Pacific Crest downgraded Pandora (NYSE: P) from Overweight to Sector Weight and removed its price target (prior $22.00).
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 $19.19 yesterday.
...
More
October 23, 2015 6:47 AM EDT
RBC Capital downgraded Pandora (NYSE: P) from Outperform to Sector Perform with a price target of $20.00 (from $24.00) citing increased competitive pressures.
Analyst Mark Mahaney commented, "While Ps Q3 results were mixed, the Q4 outlook was weaker than expected in part due to increased competition in the space from the likes of Apple and Spotify. Therefore, we are downgrading to Sector... More
