Market Overview

Expert: Pandora Suitors Could Include Netflix, Facebook, Google, Amazon And Others

Expert: Pandora Suitors Could Include Netflix, Facebook, Google, Amazon And Others
Related P
The Market In 5 Minutes
Wall Street's M&A Chatter From March 27: Dow-DuPont, DryShips, Spotify-MightyTv
The Vetr community has downgraded $P to 4-Stars (Vetr)
Related FB
The Next 5 Years For Consumer Internet Stocks Could Be 'The Golden Years' For Mobile
Benzinga's Top Upgrades, Downgrades For March 29, 2017
Dow, S&P 500 Futures Turn Lower: These 3 FANG+ Stocks Are In Buy Range (Investor's Business Daily)

Pandora Media Inc (NYSE: P) shares spiked with an hour before Thursday's close, as the New York Times reported the company was exploring a sale. Though the report didn't mention a specific buyer, one analyst has shared his list of potential suitors with clients.

Facebook Inc (NASDAQ: FB), Alphabet Inc (NASDAQ: GOOGL)'s Google, Netflix, Inc. (NASDAQ: NFLX),, Inc. (NASDAQ: AMZN), Time Warner Inc (NYSE: TWX) or CBS Corporation (NYSE: CBS) are logical buyers for Pandora, according to Albert Fried's Rich Tullo.

Related Link: Pandora Surges After NYT Reports Co. Is Interested In Selling Itself

Contrary to the Times' assertion that now might be an odd time given Pandora's drastic decline in market cap, Tullo said the "story makes sense."

"Silicon Valley is a very different place today than it was and [Pandora's] body language towards me seems to have changed recently," he added.

Regarding his inclusion of Netflix in the list of potential acquirers, Tullo explained his reasoning. "I know [Netflix] is a stretch but if you think about it there is a solid strategic case justified by operating, content, and international market synergies."

With less than an hour before its earnings report, Pandora is up almost 8 percent, trading just over $9.00 per share. The stock is still off 41 percent over the past year and -75 percent in two years.

Latest Ratings for P

Jan 2017Barrington ResearchDowngradesMarket OutperformMarket Perform
Dec 2016Aegis CapitalInitiates Coverage OnBuy
Dec 2016OppenheimerUpgradesPerformOutperform

View More Analyst Ratings for P
View the Latest Analyst Ratings

Posted-In: Analyst Color Long Ideas News M&A Top Stories Analyst Ratings Movers Tech Best of Benzinga


Related Articles (AMZN + CBS)

View Comments and Join the Discussion!