Pandora Media Given New $41.00 Price Target at Needham & Company (P)
Research analysts at Needham & Company hoisted their price target on shares of Pandora Media (NYSE:P) to $41.00 in a report released on Monday, AR Network reports. Needham & Company’s target price would suggest a potential upside of 13.67% from the stock’s previous close.
Shares of Pandora Media (NYSE:P) opened at 36.07 on Monday. Pandora Media has a 52 week low of $10.92 and a 52 week high of $37.95. The stock has a 50-day moving average of $31.27 and a 200-day moving average of $25.69. The company’s market cap is $7.007 billion.
Pandora Media (NYSE:P) last released its earnings data on Thursday, November 21st. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $181.60 million for the quarter, compared to the consensus estimate of $175.60 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 50.0% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Pandora Media from $34.00 to $41.00 in a research note to investors on Monday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Pandora Media from $35.00 to $44.00 in a research note to investors on Friday. Finally, analysts at Oppenheimer initiated coverage on shares of Pandora Media in a research note to investors on Thursday, January 23rd. They set an “outperform” rating and a $34.64 price target on the stock. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and thirteen have issued a buy rating to the company. Pandora Media presently has a consensus rating of “Hold” and a consensus target price of $28.22.
Pandora Media, Inc (NYSE:P), is an Internet radio in the United States.
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