Skip to main content

Market Overview

Pandora Analyst Roundup

Share:

Pandora Media Inc (NYSE: P) reported Q3 2014 earnings Thursday, posting earnings of $0.09 per share on $239.6 million in revenue. Analysts had been expecting earnings of $0.08 per share on $236.5 million in revenue.

Analysts updated coverage on the company.

Barrington Research (Jeff Houston): Outperform, Price Target $41

"We maintain our OUTPERFORM investment rating and $41 price target. Pandora will continue to improve mobile monetization, while posting significant growth in
listener hours, advertising/subscription revenue, active users (mostly as it enters newgeographies)."

Credit Suisse (Stephen Ju): Neutral, Price Target $30

"While we remain optimistic that Pandora can eventually drive advertising revenues to reflect its listening hour share of the US radio market, longer term cost uncertainty from upcoming consumer marketing efforts as well as the pending CRB rate reset hold us back from a more favorable stance at this time. As such, we maintain our Neutral investment rating and $30 target price."

Morgan Stanley (Benjamin Swinburne): Equal-Weight, Price Target $25

"3Q financials, 4Q guide, and rising monetization all met expectations. However, further user growth deceleration leads us to lower our LT listening hours forecast, taking our PT from $27 to $25. Remain EW, see only modest upside until P shows an ability to stabilize or reaccelerate user growth."

SunTrust : Buy, Price Target $30

"Maintain Buy, Target To $30 Per Market Multiple Contraction. Our Buy rating is predicated on attractive valuation and significant optionality around Int'l, spoken word/proprietary content, and audio/radio ad tech. Pandora could also be an acquisition target (post CRB decision) given its user base (mobile), engagement, scale, and data. We lower our year-end 2015 price target to $30 from $34 based on target multiples contraction."

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: Barrington Ressearch Credit Suisse Morgan Stanley SunTrustAnalyst Color Earnings Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
GDWolfe ResearchDowngrades
QRTEAB of A SecuritiesInitiates Coverage On
ABB of A SecuritiesDowngrades42.0
VCTRB of A SecuritiesUpgrades32.0
BSIGB of A SecuritiesUpgrades27.0
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.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
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