Pandora (P) Price Target Raised to $36 at Goldman Sachs

Cowen Highlights Positives/Negatives from Pandora's (P) Q2 Report; Cuts PT to $38

July 25, 2014 8:33 AM EDT

Cowen and Compnay maintains Pandora Media (NYSE: P) at Outperform and moves its price target target from $41 down to $38 following Q2 results.

Analyst John Blackledge noted the following positives and negatives:

Positives (bulls cheer)FY14 revenue guidance raised to $895-$915MM, up $15MM (~2%) given strong 2H14 pipeline, the biggest revenue guidance raise in P's history.

Engagement rising - P listening hours were 5BN in 2Q14, up 29% y/y and up 5% q/q, as P benefits from absence of mobile listening cap and organic... More

Pandora (P) Long-Term Thesis Intact Despite Hiccup on Some Metrics - RBC Capital

July 25, 2014 8:29 AM EDT

RBC Capital Mark Mahaney reiterated an Outperform rating and $35 price target on Pandora (NYSE: P) following Q2 results which he notes were slightly above expectations, but disappointed a tad with metrics, especially Mobile monetization. Mahaney said the long-term thesis is still a Thumbs... More

Buy Pandora (P) on Weakness Post Q2 - Needham & Company

July 25, 2014 8:23 AM EDT

Needham & Company analyst Laura Martin reiterated a Buy rating and $41 price target on Pandora (NYSE: P) following mixed Q2 results.

Martin comments, "P reported mixed 2Q14 results of Non-GAAP revenue of $219mm (1% above our... More

Pandora (P) Bullish Stance Reiterated at Maxim Group Post Q2

July 25, 2014 8:19 AM EDT

Maxim Group analyst John Tinker reiterated a Buy rating and $35 price target on Pandora (NYSE: P) following solid Q2 results and outlook.

Tinker highlights:

Pandora revenue grew 38% on a non-GAAP basis to $219M.The company increased full-year... More

Pandora (P) Estimates Raised at BofA/Merrill Lynch on Solid 'Beat and Raise'

July 25, 2014 7:09 AM EDT

BofA/Merrill Lynch analyst Nat Schindler reiterated a Buy rating and $39 price target on Pandora (NYSE: P) following 'beat and raise' Q2 results on strong hours growth and sales productivity.

Schindler notes the company reported 2Q14 rev/non-GAAP EPS of $219mn/$0.04 vs. the Street... More

Pandora Media (P) Tops Q2 EPS by 1c; Boosts FY14 Outlook

July 24, 2014 4:03 PM EDT

Pandora Media (NYSE: P) reported Q2 EPS of $0.04, $0.01 better than the analyst estimate of $0.03. Revenue for the quarter came in at $218.9 million versus the consensus estimate of $218.54 million.

Listener Hours: Total listener hours grew 29% to 5.04 billion for the second quarter of 2014,... More