Pandora Media (P) : Analyst Rating Update

Pandora Media (P) : 10 brokerage houses believe that Pandora Media (P) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 15 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Pandora Media (P). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 26 Wall Street Analysts endorse the stock as a Buy with a rating of 2.19.

Pandora Media (P) : The highest level Pandora Media (P) is projected to reach is $19 for the short term and the lowest estimate is at $10. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $14.42 and the possibility the share price can swing is $2.8.

Pandora Media (NYSE:P): The stock opened at $12.61 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.75 for the day. The stock traded down to $12.41 during the day, due to lack of any buying support eventually closed down at $12.63 with a loss of -0.55% for the day. The stock had closed at $12.70 on the previous day. The total traded volume was 6,473,887 shares.

Also, Equity analysts at the Brokerage firm Morgan Stanley upgrades its rating on Pandora Media (NYSE:P). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Equalweight by the brokerage firm. The Analysts at Morgan Stanley raises the price target from $11 per share to $15 per share. The rating by the firm was issued on June 27, 2016. The company shares have dropped -13.49% from its 1 Year high price. On Sep 21, 2015, the shares registered one year high at $22.60 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $11.64 and the 200 Day Moving Average price is recorded at $10.37.

Pandora Media, Inc. is a United States-based provider of Internet radio in the United States. The Company offers a personalized experience for each of its listeners wherever and whenever they want to listen to radio on a range of smartphones, tablets, computers and car audio systems, as well as a range of other Internet-connected devices. It allows local and national advertisers to deliver targeted messages to its listeners using a combination of audio, display and video advertisements. Its free service is advertising-based and allows listeners access to its music and comedy catalogs, and personalized playlist generating system for free across all of its delivery platforms. Pandora One is a paid subscription service without any advertising. Pandora One also offers listeners daily skips, audio on supported devices and timeout-free listening. The Companys technologies include Music Genome Project and Comedy Genome Project.

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