Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Pandora Media Inc (NYSE: P) recently said it was working on new revenue generation opportunities, although these would bring added costs. Having said this, some of its new services might help it reduce churn, while opening new monetization paths.
However, in a recent report, Barrington Research analysts James Goss and Patrick Sholl noted that, while these expansions to the company’s business “may well add to its potential, such ventures are never totally guaranteed, and in this case include incurrence of additional costs including exposure to higher royalty demands that will combine to set back profit projections.”
The immediate impact that these transformational efforts will have on Pandora’s costs and profitability, coupled with the rebound seen in the stock price since the beginning of December – which has situated it close to Barrington’s target price, led these analysts to reduce their rating on the shares to Market Perform.
The firm is now projecting a net loss of ($0.35) per share for 2016, and ($0.20) per share for 2017, down from EPS of $0.09 in 2015.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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