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Stock Market & Financial Investment News

News Breaks
April 15, 2014
10:16 EDTP, SIRIPandora rises after optimistic notes from analysts
Shares of Internet radio provider Pandora Media (P) are advancing after one research firm upgraded the stock and another remained upbeat on the shares. WHAT'S NEW: In a note to investors earlier today, research firm Maxim Group upgraded Pandora to Buy from Hold. After Pandora's stock tumbled nearly 40%, the shares have reached an attractive entry point, Maxim Group analyst John Tinker wrote. Noting that the Media Ratings Council accredited Triton's webcast measurement service, Tinker thinks this development will increase advertisers' confidence in Pandora's audience data. Pandora provides Triton's audience data to its advertisers. The Media Ratings Council was founded by the broadcast industry in the 1960s to review and accredit audience rating services, according to its website. Organizations that provide ratings for traditional radio also receive their accreditation from the council, Tinker wrote. Meanwhile, Pandora has received some favorable news regarding royalties in recent weeks, suggesting that its royalty rate will remain "manageable," the analyst added. He set a $55 price target on the shares. Separately, Pacific Crest analyst Corey Barrett wrote that Pandora would eventually become a "quintessential" part of high tech cars. Pandora's penetration of automobiles could match that of Sirius XM (SIRI) by 2017, the analyst predicted. Pandora's opportunity in cars should more than offset the increasing competition it is facing, and a slowdown in the growth of its mobile user growth in the near-term, Barrett believes. He kept a $45 price target and Outperform rating on the shares. PRICE ACTION: In early trading, Pandora climbed 72c, or 3%, to $26.
News For P;SIRI From The Last 14 Days
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June 29, 2015
08:38 EDTPConcerns over Pandora competition significantly overdone, says Sterne Agee CRT
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June 28, 2015
14:24 EDTPApple Music 'unlikely to move earnings needle,' Barron's says
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June 26, 2015
09:18 EDTSIRISirius XM discloses settlement agreement with various record companies
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June 25, 2015
08:49 EDTPPandora music business progressing nicely, says Canaccord
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June 24, 2015
14:51 EDTSIRISirius XM, Fox News announce partnership on new channel
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09:30 EDTPGoogle competing with itself after unveiling free music service, Bloomberg says
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June 23, 2015
12:08 EDTPPandora down 1% after Google launches free music service
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12:05 EDTPGoogle launches free, ad-supported music service in U.S.
Google (GOOG) announced via a blob post that Google Play Music now has a "free, ad-supported version" in the U.S. It stated, "Our team of music experts, including the folks who created Songza, crafts each station song by song so you donít have to. If youíre looking for something specific, you can browse our curated stations by genre, mood, decade or activity, or you can search for your favorite artist, album or song to instantly create a station of similar music." Shares of Pandora (P) ticked lower following Google's announcement.
11:28 EDTSIRISirius XM management to meet with FBR Capital
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