Pandora Media (P) : 11 brokerage houses believe that Pandora Media (P) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 13 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pandora Media (P). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 26 Wall Street Analysts endorse the stock as a Buy with a rating of 2.19.
Pandora Media (P) : The highest level Pandora Media (P) is projected to reach is $19 for the short term and the lowest estimate is at $10. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $15 and the possibility the share price can swing is $2.79.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Pacific Crest downgrades its ratings on Pandora Media (NYSE:P). According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Sector Weight rating on the shares. The rating by the firm was issued on July 22, 2016.
Pandora Media (NYSE:P): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.09 and $13.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.69, notching a gain of 4.27% for the day. The total traded volume was 6,707,516 . The stock had closed at $13.13 on the previous day.
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.