Pandora management meetings upbeat, says Canaccord Canaccord hosted a series of investor meetings with Pandora management and said the tone was "decidedly upbeat." The firm said Pandora is establishing its presence in radio advertising on top of its strong position in digital/mobile. The firm reiterated its Buy rating and raised its price target to$18 from $16.
News For P From The Last 14 Days
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Pandora ad trends improving in back half, says JPMorgan JPMorgan believes Pandora's advertising is strengthening in the back half of 2014 with accelerating growth in ad revenue. The firm reiterates an Overweight rating on the stock with a $42 price target.
Pandora management getting savvier on content costs, says Maxim Maxim said Pandora's (P) new multi-year rights agreement with BMG supports its view that management is getting more savvy on managing content costs. The firm also thinks the tone of Apple (AAPL) at its launch event suggests its service has yet to gain traction as a competitor to Pandora and that comments from Sirius XM's (SIRI) CFO indicate Pandora is gaining traction in car integration. The firm maintains it Buy rating and $35 price target on Pandora.