RBC Analysts Say Buy The Dip In Pandora Media Shares

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On Wednesday, RBC analysts commented on shares of Pandora Media Inc P.

RBC analyst Mark Mahaney believes now is a great time to buy shares of Pandora: “Pandora’s current 2015 P/S and EV/Ebitda multiples close to 3-year trough creates attractive valuation”

Mahaney sees Pandora stock as currently in a “fear mode” due to concerns about competition and slowing user growth.

Mahaney finds the CRB royalty rates decision Survey showed Pandora is executing well despite more competition and said Pandora may try to expand internationally within two to three years.

Shares of Pandora closed Tuesday at $19.31, down 2.3 percent.

Posted In: Analyst ColorTrading IdeasMark MahaneyRBC Capital
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