Oppenheimer Downgrades Pandora (P) to Perform
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Pandora (P) Upgraded Amid the Carnage
October 26, 2015 9:36 AM EDTMacquarie analyst Amy Yong went out on a limb defending Pandora by upgrading the stock to Outperform and citing "the bear/bull case is now too asymmetrical to ignore". The gap between her price target of $19 and the current share price of $12.39 represents 53% upside.
The upgrade is predicated on 3... More
Pandora (P) PT Lowered to $24 at Goldman Sachs; 'Buy' Maintained
October 23, 2015 10:07 AM EDTGoldman 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
SunTrust Robinson Humphrey Cuts Price target Following Pandora's (P) 3Q Results
October 23, 2015 9:57 AM EDTSunTrust 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
Pandora (P) 3Q Hit by Apple (AAPL) Music Launch; FBR Capital Cuts Price Target to $10
October 23, 2015 9:38 AM EDTFBR 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
BofA/Merrill Lynch Downgrades Pandora (P) to Neutral
October 23, 2015 9:36 AM EDTBofA/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.
... MoreAlbert Fried & Company Downgrades Pandora (P) to Underweight
October 23, 2015 8:14 AM EDTAlbert 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
Piper Jaffray Downgrades Pandora (P) to Neutral
October 23, 2015 7:07 AM EDTPiper 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
MKM Partners Downgrades Pandora (P) to Neutral
October 23, 2015 6:56 AM EDTMKM 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.
... MorePacific Crest Downgrades Pandora (P) to Sector Weight
October 23, 2015 6:56 AM EDTPacific 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.
... MoreRBC Capital Downgrades Pandora (P) to Sector Perform
October 23, 2015 6:47 AM EDTRBC 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
Pandora (P) and Record Companies Reach Agreement On Pre-1972 Recordings
October 22, 2015 4:07 PM EDTPandora (NYSE: P) and a coalition of independent and major record companies announced today that they have agreed to a $90 million settlement for Pandoras use of recordings created before 1972.
The confidential settlement is between Pandora and ABKCO Music & Records, Capitol Records, Sony Music... More
Pandora (P) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light
October 22, 2015 4:06 PM EDTPandora (NYSE: P) reported Q3 EPS of $0.10, in-line with the analyst estimate of $0.10. Revenue for the quarter came in at $311.6 million versus the consensus estimate of $312.97 million.
Other Business Metrics
Listener Hours: Total listener hours grew 3% to 5.14 billion for the third quarter of... More
