Pandora Media (P) : The consensus on Pandora Media (P) based on 24 analyst recommendation on the company stock is 2.21, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Pandora Media (P) has been rated by 18 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $18 and the lowest price target forecast is $10. The average forecast of all the analysts is $15.17 and the expected standard deviation is $2.26.
Also, Briley maintains its rating on Pandora Media (NYSE:P). The global brokerage major raises the current price target from $14.5 per share to $18 per share. Analysts at the Briley have a current rating of Buy on the shares. The rating by the firm was issued on September 7, 2016.
Pandora Media (NYSE:P): The stock was completely flat for the day, closing at $13.31 on Thursday. The flat closing masks the intraday volatility in the stock. After opening at $13.31, the stock touched an intraday high of $13.55 and a low of $13.12. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $13.31. The total trading volume on Thursday was 7,794,018.
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.