Pandora Media PT Raised to $32.00 at Cowen and Company (P)
Equities research analysts at Cowen and Company lifted their price target on shares of Pandora Media (NYSE:P) from $29.00 to $32.00 in a research note issued to investors on Friday, Analyst Ratings News reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective would indicate a potential upside of 23.12% from the company’s current price.
Shares of Pandora Media (NYSE:P) traded up 3.42% during mid-day trading on Friday, hitting $25.99. The stock had a trading volume of 6,849,246 shares. Pandora Media has a 52 week low of $7.08 and a 52 week high of $24.43. The stock has a 50-day moving average of $25.79 and a 200-day moving average of $19.39. The company’s market cap is $4.585 billion.
Pandora Media (NYSE:P) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley raised their price target on shares of Pandora Media to $31.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Pandora Media in a research note to investors on Monday. They now have a $30.00 price target on the stock. Finally, analysts at FBR & Co. initiated coverage on shares of Pandora Media in a research note to investors on Wednesday, October 23rd. They set a “market perform” rating on the stock. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.31.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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