Pandora price target lowered to $30 from $41 at Susquehanna Susquehanna lowered its price target on Pandora to $30 but reaffirms its bullish stance on the company. The firm sees the sales force continuing to be productive leading to upward ad revisions but notes that Q1 was up against the easiest comp of the year. Shares are Positive rated.
News For P From The Last 14 Days
Check below for free stories on P the last two weeks.
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.