Pandora sell-off a buying opportunity, says Barrington Barrington said Pandora reported strong momentum but higher content costs. They expect Pandora to continue to gain share and post significant growth in its active user base and would use the sell-off as a buying opportunity. Shares are Outperform rated with a $18 price target.
Pandora listening hours soft but ad revenue strong, says Canaccord Canaccord noted Pandora's July listening hours were soft but its ad revenue in Q2 was strong as the company is being more selective in the area of proactively seeking engagement from high-RPM listeners. Canaccord reiterated its Buy rating and $26 price target on Pandora shares.