Pandora Media (P) Receives Price Target

Pandora Media (P) : The highest short term price target forecast on Pandora Media (P) is $18 and the lowest target price is $10. A total of 18 equity analysts are currently covering the company. The average price of all the analysts is $14.5 with a standard deviation of $2.36.

Pandora Media (P) : 9 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 24 Wall Street Analysts endorse the stock as a Buy with a rating of 2.29.


Also, Equity analysts at the Brokerage firm Pacific Crest downgrades its rating on Pandora Media (NYSE:P). The rating major has initiated the coverage with underweight rating on the shares. Earlier, the shares were rated a Sector Weight by the brokerage firm. The rating by the firm was issued on July 22, 2016.

Pandora Media (NYSE:P): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.98 and $13.98 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $14.41. The buying momentum continued till the end and the stock did not give up its gains. It closed at $14.38, notching a gain of 2.71% for the day. The total traded volume was 3,445,095 . The stock had closed at $14.00 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.

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