Barrington Research Maintains Outperform Rating, $18 PT on Pandora

Barrington Research maintains its Outperform rating and $18 target on Pandora P in a research report out today, believing that the recent selloff represents a good opportunity to buy. In the report, Barrington Research writes, " We maintain our OUTPERFORM rating and $18 price target. Pandora will continue to gain share and post significant growth in its active user base, listener hours, and advertising/subscription revenue through its differentiated, disruptive technology, which delivers compelling content and first-mover advantage." Shares of Pandora are currently trading at $10.88, down 23.69% from yesterday's close.