New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 8, 2013
10:23 EDTPPandora climbs following results, CEO resignation
Internet music platform Pandora (P) is surging after reporting stronger than expected fourth quarter revenues and non-GAAP losses that were less than forecast by analysts. Moreover, the company reported that its listener hours jumped 53% last quarter, reaching 4.05B. The company's fiscal 2013 earnings per share guidance was in-line with expectations, although the midpoint of its full-year revenue guidance came in well above the consensus estimate. Also, Pandora announced that its CEO, Joseph Kennedy, had resigned and that the company would begin searching for his successor. A number of analysts were more upbeat about Pandora following the news. In a note to investors earlier today, Piper Jaffray analyst James Marsh upgraded the stock to Overweight from Neutral. Pandora's ability to raise revenue from its mobile listeners has improved and the stock should be on the cusp of an upward trend as a result, wrote Marsh, who hiked his price target on the stock to $17 from $11. Also upbeat on Pandora was Stifel Nicolaus analyst Jordan Rohan. Pandora's lead in Internet radio is increasing and the company's mobile ad rates rose significantly year-over-year, Rohan wrote. Investors should buy Pandora's stock at this time as the company should continue to beat revenue and margin expectations, the analyst believes. Rohan increased his price target on Pandora to $17.50 from $14 and maintained a Buy rating on the shares, which rallied $2.50, or 21.50%, to $14.20 in early trading.
News For P From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 19, 2014
06:13 EDTPPandora implied volatility of 52 at lower end of index mean range
Subscribe for More Information
December 18, 2014
07:27 EDTPPandora weakness a buying opportunity for long-term investors, says Canaccord
Subscribe for More Information
December 16, 2014
09:17 EDTPInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
December 11, 2014
12:42 EDTPPandora management to meet with William Blair
Subscribe for More Information
December 10, 2014
09:14 EDTPPandora price target lowered to $24 from $30 at Credit Suisse
Credit Suisse lowered Pandora's price target to $24 to reflect marketing spend and platform fees paid out to Google and Apple for Pandora One. Shares are Neutral rated.
December 9, 2014
07:22 EDTPBMO Capital to hold a conference
Subscribe for More Information
December 8, 2014
10:46 EDTPPandora calls active on renewed takeover speculation
Subscribe for More Information
10:36 EDTPRumor: Pandora moves up on renewed takeover chatter

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use