Market Overview

Analyst Round Up On Pandora

Share:

Pandora Media (NYSE: P) reported Q2 2014 earnings Thursday, releasing an EPS of $0.04 compared to analysts estimates of $0.03 and revenue of $218.90 million compared to consensus estimate of $218.51 million.

Following its earnings, multiple sell-side analysts released coverage on the company.

Canaccord analyst Michael Graham maintained Pandora's price target of $43 per share. Graham said Pandora's active listeners declined in June, causing a sell off.

CRT Capital maintained its Fair Value rating and a price target of $32. The firm noted concerns of listeners in June decreasing despite heavy listener hours. Pandora's ad business underperformed in comparison to CRT Capital expectations.

Cowen analyst John Blackledge reiterated his Outperform rating, while lowering the price target from $41 to $38. Concerns were drawn on Pandora's seasonally reduced user growth and a decrease in RPM; Cowen projects both to recover by the second half of the year.

FBR analyst Barton Crockett reiterated a Market Perform rating with a $28 price target.

JP Morgan raised its price target for Pandora from $41 to $42 on Friday and currently holds an Overweight rating on the company.

Nomura maintain its Neutral rating and a $29 target price.

Raymond James maintained its Outperform rating and $31 price target. The firm increased its future guidance for Pandora, raising its 2014 non-GAAP EPS forecast from $0.16 to $0.19 and its 2015 estimate from $0.41 to $0.42.

SunTrust maintained its Buy rating, with a price target of $34.

Albert Fried reiterated its Underweight rating and $20 price target.

Barrington initiated coverage with an Outperform rating and $20 price target.

Shares of Pandora traded recently at $25.43, down 11.4 percent.

Latest Ratings for P

DateFirmActionFromTo
Nov 2018Canaccord GenuityDowngradesBuyHold
Oct 2018Goldman SachsDowngradesBuyNeutral
Oct 2018BMO CapitalDowngradesOutperformMarket Perform

View More Analyst Ratings for P
View the Latest Analyst Ratings

 

Related Articles (P)

View Comments and Join the Discussion!

Posted-In: albert fried Barton CrockettAnalyst Color Earnings Guidance Initiation Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
RIGRF LaffertyMaintains5.0
NOVRF LaffertyMaintains13.0
WSCDA DavidsonMaintains19.0
ITTDA DavidsonReiterates70.0
NOWGoldman SachsMaintains376.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com