Pandora Media PT Raised to $35.00 at Goldman Sachs Group Inc. (P)
Investment analysts at Goldman Sachs Group Inc. hoisted their target price on shares of Pandora Media (NYSE:P) from $30.00 to $35.00 in a note issued to investors on Thursday, American Banking & Market News reports. Goldman Sachs Group Inc.’s price objective points to a potential upside of 30.16% from the stock’s previous close.
In other Pandora Media news, Director Crosslink Capital Inc unloaded 5,200,000 shares of the company’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $25.00, for a total transaction of $130,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Pandora Media (NYSE:P) opened at 26.89 on Thursday. Pandora Media has a 52-week low of $7.08 and a 52-week high of $27.50. The stock has a 50-day moving average of $22.14 and a 200-day moving average of $17.58. The company’s market cap is $4.744 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $157.40 million for the quarter, compared to the consensus estimate of $156.35 million. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. Analysts expect that Pandora Media will post $0.03 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Barrington Research raised their price target on shares of Pandora Media (NYSE:P) to $31.00 in a research note to investors on Wednesday. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Pandora Media (NYSE:P) in a research note to investors on Wednesday. Finally, analysts at Canaccord Genuity raised their price target on shares of Pandora Media (NYSE:P) from $25.00 to $30.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. Pandora Media presently has an average rating of “Hold” and an average price target of $20.46.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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