Pandora Q3 revenue estimate raised at SunTrust SunTrust raised Pandora's Q3 revenue estimate to $117.3M from $115.8M ahead of tonight's earnings report due to improving desktop and mobile RPMs. The firm's Q3 EPS estimate remains 2c, above the Street's estimate of 1c. Shares are Buy rated and a Top Pick with a $15 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.