U.S. stocks fell sharply Friday as the positive reaction following the Fed’s rate boost has quickly faded amid declines in transportation and utility shares. Among the equities in focus are online retail giant Amazon.com, Inc. (NASDAQ:AMZN) and music streaming company Pandora Media Inc (NYSE:P). Let’s take a look and see what the analysts have to say about AMZN and P.

Amazon.com, Inc.

Robert W. Baird analyst Colin Sebastian reiterated an Outperform rating on shares of Amazon, with a price target of $710, following a report by the Seattle Times suggesting that Amazon is considering the lease of 20 wide-body 767 cargo jets to support internal transportation and logistics operations.

Sebastian commented, “We believe this is yet another indication of Amazon’s desire to internalize many services once reserved for traditional T&L couriers/freight forwarders (i.e., UPS/FedEx), in particular, routes where Amazon’s fulfillment network density/scale make such undertakings profitable, such as East Coast-West Coast air routes (for airfreight loads) and densely populated metropolitan areas (for last-mile parcel delivery). According to the article, used 767 freighter aircraft would cost $300-325k per month to lease, or roughly $75 million per year for 20 aircraft. Importantly, with shipping and delivery a key component of customer service largely out of Amazon’s control, we understand the company’s desire to in-source more of the transportation network, in particular as other service providers struggle again this holiday with significant e-commerce deliveries.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Colin Sebastian has a yearly average return of 20.4% and a 71.6% success rate. Sebastian has a 46.2% average return when recommending AMZN, and is ranked #21 out of 3643 analysts.

Out of the 44 analysts polled by TipRanks, 38 rate Amazon stock a Buy, while 6 rate the stock a Hold. With a return potential of nearly 2%, the stock’s consensus target price stands at $678.19.

Pandora Media Inc

Wedbush analyst Michael Pachter reiterated an Outperform rating on shares of Pandora Media, with a price target of $26, following Wednesday evening’s news that the Copyright Royalty Board (“CRB”) determined rates that Pandora will pay to music labels from 2016 – 2020.

Pachter commented, “While the blended rate determination was higher than we had estimated, it was in line with consensus estimates with a modest escalator, so should be largely viewed as a favorable outcome for Pandora. We anticipate that this mix shift will incentivize management to drive subscriber growth.”

Furthermore, “For the years 2017 – 2020, the rate escalator will be based on the consumer price index, whereas it was previously based in part on a 25% revenue floor plus an escalator. Over the past few years, overall rates have grown 9% annually, which could have become prohibitively expensive for Pandora by 2020. Assuming the CPI growth rate remains stable at 2%, we expect relatively fixed LPMs, and as listener hours continue to increase, Pandora should achieve some operating leverage. In other words, if revenue growth surpasses growth in CPI, Pandora should see its earnings grow.”

According to TipRanks.com, analyst Michael Pachter has a yearly average return of -5.0% and a 39.8% success rate. Pachter has a -11.3% average return when recommending P, and is ranked #3467 out of 3643 analysts.

Out of 23 analysts polled by TipRanks in the last 3 months, 12 recommend to Buy Pandora and 11 recommend to Hold. The average 12-month price target on the stock is $20.74, marking over a 45.65% potential upside from where Pandora is currently trading.