Pandora Media PT Raised to $29.00 (P)
Stock analysts at Cowen and Company upped their price objective on shares of Pandora Media (NYSE:P) from $23.00 to $29.00 in a report issued on Monday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target would suggest a potential upside of 16.00% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of Pandora Media from $25.00 to $32.00 in a research note to investors on Thursday, October 3rd. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Pandora Media from $30.00 to $35.00 in a research note to investors on Thursday, October 3rd. Finally, analysts at Barrington Research raised their price target on shares of Pandora Media to $31.00 in a research note to investors on Wednesday, October 2nd. Three investment 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. Pandora Media currently has an average rating of “Hold” and an average target price of $21.03.
In other Pandora Media news, Director Robert Kavner sold 46,000 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $27.38, for a total transaction of $1,259,480.00. Following the completion of the transaction, the director now directly owns 27,757 shares in the company, valued at approximately $759,987. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Pandora Media (NYSE:P) traded up 0.40% on Monday, hitting $25.00. 7,968,184 shares of the company’s stock traded hands. Pandora Media has a 52-week low of $7.08 and a 52-week high of $27.93. The stock has a 50-day moving average of $23.04 and a 200-day moving average of $18.1. The company’s market cap is $4.410 billion.
Pandora Media (NYSE:P) last released its earnings data 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.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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