Pandora business momentum strong, says Canaccord Canaccord came away from Pandora investors meetings with renewed confidence in its ability to exceed the firm's revenue targets over time and notes growing interest in Europe for Pandora's music service. The firm believes business momentum is strong, but does not expect dramatic revenue upside or downside in any given period given the stability of its model. Canaccord keeps its Buy rating and $43 price target on Pandora.
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.