Market Overview

Expert: Pandora Suitors Could Include Netflix, Facebook, Google, Amazon And Others

Share:
Expert: Pandora Suitors Could Include Netflix, Facebook, Google, Amazon And Others
Related P
10 Notable Stocks Trading Ex-Dividend Wednesday, December 7
Benzinga's Top Initiations
Analysts Tout Pandora Deal; Nucor, Steel Dynamics Upgraded (Investor's Business Daily)
Related FB
Facebook, Lululemon And Healthcare: Fast Money Picks For December 6
Holiday Shopping and Retail Sector Impact
Apple, Most FANGs Rated Top Tech Investment Picks (Investor's Business Daily)

Pandora Media Inc (NYSE: P) shares spiked with an hour before Thursday's close, as the New York Times reported the company was exploring a sale. Though the report didn't mention a specific buyer, one analyst has shared his list of potential suitors with clients.

Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOGL)'s Google, Netflix, Inc. (NASDAQ: NFLX), Amazon.com, Inc. (NASDAQ: AMZN), Time Warner Inc (NYSE: TWX) or CBS Corporation (NYSE: CBS) are logical buyers for Pandora, according to Albert Fried's Rich Tullo.

Related Link: Pandora Surges After NYT Reports Co. Is Interested In Selling Itself

Contrary to the Times' assertion that now might be an odd time given Pandora's drastic decline in market cap, Tullo said the "story makes sense."

"Silicon Valley is a very different place today than it was and [Pandora's] body language towards me seems to have changed recently," he added.

Regarding his inclusion of Netflix in the list of potential acquirers, Tullo explained his reasoning. "I know [Netflix] is a stretch but if you think about it there is a solid strategic case justified by operating, content, and international market synergies."

With less than an hour before its earnings report, Pandora is up almost 8 percent, trading just over $9.00 per share. The stock is still off 41 percent over the past year and -75 percent in two years.

Latest Ratings for P

DateFirmActionFromTo
Dec 2016OppenheimerUpgradesPerformOutperform
Dec 2016Aegis CapitalInitiates Coverage OnBuy
Nov 2016MKM PartnersMaintainsNeutral

View More Analyst Ratings for P
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News M&A Top Stories Analyst Ratings Movers Tech Best of Benzinga

 

Related Articles (AMZN + CBS)

View Comments and Join the Discussion!