Susquehanna Downgrades Pandora (P) to Neutral
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Go back to Susquehanna Downgrades Pandora (P) to Neutral
October 24, 2014 1:30 PM EDT
Topeka Capital earlier maintained a Buy rating on Pandora (NYSE: P) with a price target of $30. The stock declined after reporting Q3 results. Analyst Victor Anthony thinks the pullback creates a buying opportunity.
"Pandora reported a solid quarter with in-line revenues, upside... More
October 24, 2014 7:44 AM EDT
SunTrust Robinson Humphrey analyst Robert Peck lowered his price target on Pandora (NYSE: P) to $30.00 (from $34.00) following results but maintained a Buy rating.
Peck comments, "Mixed quarter with monetization (RPMs) and margins driving the beat and raise. Forward EBITDA and EPS... More
October 24, 2014 7:29 AM EDT
Cowen and Company trims its price target on Pandora Media (NYSE: P) from $39 to $33 following Q3 results reported Thursday night. The firm retains an Outperfom rating on the stock.
Analyst John Blackledge issued commentary and updated the following metrics:
We trimmed our active user growth in 4Q14 to 77.7MM (vs. 81.9MM), trimmed... More
October 24, 2014 7:20 AM EDT
RBC Capital analyst Mark Mahaney reiterated an Outperform rating and $35 price target on Pandora (NYSE: P) following Q3 Metrics a bit light, but financial results were a bit better than expected and continue to improve.
The keys, according to the analyst: Positives: 1. Content Cost... More
October 23, 2014 4:05 PM EDT
Pandora Media (NYSE: P) reported Q3 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $239.6 million versus the consensus estimate of $236.5 million.
Share of total U.S. radio listening for Pandora in September 2014 was 9.06%, an increase from 7.77% at the same time last year.
Listener Hours: Total listener hours grew 25% to 4.99 billion for the third... More
