Mizuho analyst, Neil Doshi, reiterates a Neutral rating on Pandora Media Inc (NYSE:P) with an $11.00 price target.

In a recent call, the analyst explains that management’s tone was positive on the long-term prospects of the business and the company’s ability to create a new and differentiated on-demand products.

The analyst believes, however, that Pandora could potentially see some initial, modest cannibalization from its existing services as it navigates a new business model addition.

According to TipRanks, Neil Doshi is ranked #299 of 4,085 analysts. He maintains a success rate of 61% and realizes an average return of 11.5% per recommendation.