Shares of Pandora Media Inc P have tumbled more than 34 percent since the beginning of the year, and more than 6.75 percent since last Friday morning. Following such a decline, the crowd seems to believe plenty of upside potential has been unlocked.
Consequently, top raters at the Vetr community have decided to upgrade their rating on the stock from four stars to five stars out of a possible five-star rating.
The new rating better reflects the crowd’s price target of $10.74 per share, which implies an upside potential of almost 19.5 percent from current valuations. However, it should be noted that only 65 percent of the crowd's ratings are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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