Copyright Royalty Board Issues Ruling in “Web-IV” Pandora Rate Case

Pandora (P) Overhang Removed, Focus on New Foreign Markets - Rosenblatt

Rosenblatt analyst, Martin Pyykkonen, published a note on Pandora (NYSE: P) citing two reasons the stock could rally and a problem that could trump the first two points.

1) New Foreign Markets Within the Next Year

2) CRB Overhang Is Removed

3) Listener Hour (Usage) Growth Needs to Rebound

With the recent removal of the overhang around the CRB rate setting for Pandoras streaming radio service, Pandora could gain some traction among longer term investors in the new year. Starting on 1/1/16, Pandora will pay $0.17 per 100 songs... More

Nomura Securities Remains Sidelined on Pandora (P) as CRB's Ruling Came Roughly In-Line with Expectations

Nomura 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

Albert 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.

Wedbush Reiterated Outperform on Pandora (P) Following CRB Determination

Wedbush 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

FBR Capital Upgrades Pandora (P) to Market Perform

FBR Capital upgraded Pandora (NYSE: P) from Underperform to Market Perform with a price target of $16 after the CRB rate decision, which was better than feared.

Analyst Barton Crockett commented, "We factor in the actual CRB decision$0.17 per hundred songs for ad-based music and $0.22 for... More

CRB Ruling Brings Clarity to Pandora (P) - BMO Capital Raises PT to $16

BMO 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

Needham & 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) Investors 'Happy' as CRB Ruling now in Rear-View Mirror - RBC's Mahaney

RBC Capital analyst Mark Mahaney reiterated a Sector Perform rating and $20 price target on Pandora (NYSE: P) after the CRB issued their ruling for Pandoras future content costs for ad-based/sub-based listening at $0.17/$0.22 per 100 spins, effectively a 15% increase over 2015 rates.

"We believe P,... More