JMP Securities Boosts Price Target on Pandora Media (P)
Equities research analysts at JMP Securities increased their price target on shares of Pandora Media (NYSE: P) from $14.00 to $16.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock.
A number of other firms have also recently commented on P. Analysts at Maxim Group reiterated a “buy” rating on shares of Pandora Media in a research note to investors on Thursday. Separately, analysts at Needham & Company reiterated a “buy” rating on shares of Pandora Media in a research note to investors on Thursday. Finally, analysts at SunTrust (NYSE: STI) initiated coverage on shares of Pandora Media in a research note to investors on Thursday, April 12nd. They set a “neutral” rating on the stock.
Pandora Media opened at 11.60 on Thursday. Pandora Media has a 52-week low of $7.83 and a 52-week high of $26.00. The company’s market cap is $1.914 billion.
Pandora Media last posted its quarterly earnings results on Wednesday, May 23rd. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.17) by $0.08. Pandora Media’s revenue was up 57.5% compared to the same quarter last year. Analysts expect that Pandora Media will post $0.01 EPS next quarter.
Pandora Media, Inc. (Pandora) is an Internet radio in the United States. As of January 31, 2011, it had over 80 million registered users.