Citi Reiterates View on Pandora Media

Citi has published a research report on Pandora Media

In the report, Citi wrote, "FQ2 Revenue of $67MM, EBITDA of $4.5MM, and Non-GAAP EPS of $0.02 all came in ahead of Citi/Street at $60MM/61MM, ($4MM)/$2MM & ($0.06)/($0.03), respectively. P provided FQ3 Guidance with Midpoint Revenue of $71MM, slightly above Street at $69MM, & Midpoint Non-GAAP EPS of ($0.01), in-line with Street." Citi rated Pandora a BUY with a price target of $25.00. Pandora closed Thursday at $12.47.