Pandora Postpones Conference Call Pending Release of Copyright Royalty Board Web IV Decision
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Nomura Securities Remains Sidelined on Pandora (P) as CRB's Ruling Came Roughly In-Line with Expectations
December 17, 2015 9:58 AM ESTNomura Securities reiterated a Neutral rating on Pandora (NYSE: P), and raised the price target to $17.00 (from $16.00), following the Copyright Royalty Board's (CRB) new rates for the Web IV proceeding for the 2016-2020 period. At $0.17 per hundred songs streamed, the new Webcaster IV rates are in line with investors expectations. Rate increases linked... More
Albert Fried & Company Upgrades Pandora (P) to Overweight
December 17, 2015 9:41 AM ESTAlbert Fried & Company upgraded Pandora (NYSE: P) from Underweight to Overweight with a price target of $20.00 (from $11.00).
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 $13.44 yesterday.
... MoreWedbush Reiterated Outperform on Pandora (P) Following CRB Determination
December 17, 2015 8:32 AM ESTWedbush reiterated an Outperform rating and $26.00 price target on Pandora (NYSE: P) following the Copyright Royalty Board's rate determination for the company. The 2016 rate for Pandoras ad-supported service will be $0.0017 compared with the 2015 rate of $0.0014, and the subscription rate will be $0.0022 compared with the 2015 rate of $0.0025.... More
CRB Ruling Brings Clarity to Pandora (P) - BMO Capital Raises PT to $16
December 17, 2015 7:47 AM ESTBMO Capital reiterated a Market Perform rating on Pandora (NYSE: P), and raised the price target to $16.00 (from $14.00), after a CRB ruling. The CRB ruled yesterday that streaming rates will be set at $0.17 per 100 spins for ad-supported listening, and $0.22 per 100 spins for subscription-supported listening. The CRB ruling brings clarity to 2016.
Analyst Daniel Salmon commented,... More
CRB Decision Hands Pandora (P) a 'Hat Trick' - Needham & Company Reiterates Buy
December 17, 2015 7:28 AM ESTNeedham & Company reiterated a Buy rating and $24.00 price target on Pandora (NYSE: P) following a CRB decision that handed the company a series of wins. The CRB raised Ps total costs by 15% to a blended rate of $0.176/100 songs, made up by 20% higher advertising music costs to $0.17/100 songs in 2016, partially... More
Pandora (P) Surges After Intial Knee-Jerk Lower on CRB Decision
December 16, 2015 5:40 PM ESTAfter an initial knee-jerk reaction lower, Pandora (NYSE: P) is now up 19% as investor read positively into the CRB rate decision.
The rate for commercial subscription services in 2016 is $0.0022 per-performance. The rate for commercial nonsubscription services in 2016 is $0.0017 per-performance.
The consensus was $0.0017.
... More