Market Overview

UPDATE: Susquehanna International Group Reiterates on Pandora Media on Bullish Outlook Ahead of F3Q:14 Results

Share:
Related P
Detwiler Fenton Negative On Pandora; Sees Value Eroding As Other Players Enter The Space
Morgan Stanley More Convinced Pandora Can Secure Broad Rights Without Giving Up Core Economics
Keeping Up With SiriusXM And Liberty Media (Seeking Alpha)

In a report published Tuesday, Susquehanna International Group analyst Brian Nowak reiterated a Positive rating on Pandora Media (NYSE: P), and raised the price target from $30.00 to $36.00.

In the report, Susquehanna International Group noted, “We are bullish on P into F3Q:14 results on Thursday, November 21 and are raising our FY'14 ad ests by 1% ($6mn). We believe P is making faster-than-expected traction in the local radio markets and our audio ad load math highlights the potential for more upside.”

Pandora Media closed on Monday at $31.56.

Latest Ratings for P

DateFirmActionFromTo
Jul 2016Pacific CrestDowngradesSector WeightUnderweight
Jul 2016Piper JaffrayUpgradesNeutralOverweight
Jun 2016Morgan StanleyUpgradesEqualweightOverweight

View More Analyst Ratings for P
View the Latest Analyst Ratings

Posted-In: Brian Nowak Susquehanna International GroupAnalyst Color Price Target Analyst Ratings

 

Related Articles (P)

View Comments and Join the Discussion!