Price Target Update on Pandora Media (NYSE:P)

Pandora Media (NYSE:P) : Average target price received by Pandora Media (NYSE:P) is $14.42 with an expected standard deviation of $2.8. The most aggressive target on the stock is $19, whereas the most downbeat target is $10. 19 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Scotiabank upgrades its outlook on Pandora Media (NYSE:P). The current rating of the shares is Sector Perform, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on June 14, 2016.

Pandora Media (NYSE:P): stock turned positive on Thursday. Though the stock opened at $11.84, the bulls momentum made the stock top out at $12.22 level for the day. The stock recorded a low of $11.79 and closed the trading day at $12.2, in the green by 3.74%. The total traded volume for the day was 4,336,524. The stock had closed at $11.76 in the previous days trading.

The company shares have dropped -28.12% from its 1 Year high price. On Sep 21, 2015, the shares registered one year high at $22.60 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $11.03 and the 200 Day Moving Average price is recorded at $10.47. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Martin Christopher Douglas, officer (Chief Technology Officer) of Pandora Media, Inc., had unloaded 2,000 shares at an average price of $11.62 in a transaction dated on June 1, 2016. The total value of the transaction was worth $23,240.

Pandora Media, Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs, and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips, audio on supported devices and timeout-free listening. The Companys technologies include Music Genome Project and Comedy Genome Project.

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