Susquehanna analyst Shyam Patil came out today with new ratings and price targets on a handful of internet stocks. Lets take a look and see what Patil has to say about Amazon.com, Inc. (NASDAQ:AMZN) and Pandora Media Inc (NYSE:P).

Amazon.com, Inc.

Patil initiated coverage on shares of Amazon with an Outperform rating and price target of $900, which represents a potential upside of 58% from where the stock is currently trading.

In explaining his positive rating, Patil noted, “AMZN’s e-commerce growth is strong and accelerating (~27% y/y ex FX in 3Q15 vs. 24% y/y in 2Q15 and 20% y/y in 1Q15) and the company continues to take share of a market that’s really only modestly transitioned online, with the bulk of the opportunity ahead. We see continued strong growth going forward with a bias to the upside, especially as AMZN drives further penetration of Prime and FBA as well as expands into new categories (both its own retail selection and third-party) and geographies (such as India and China most recently).”

According to TipRanks.com, a site that tracks and ranks analysts on their predictions, analyst Shyam Patil has a yearly average return of 4.2% and a 58.5% success rate. Patil is ranked #797 out of 3607 analysts.

Out of the 31 analysts polled by TipRanks in the last 3 months, 26 rate Amazon stock a Buy, while 5 rate the stock a Hold. With a return potential of nearly 33%, the stock’s consensus target price stands at $759.71.

Pandora Media Inc

In addition, Patil initiated Neutral rating on shares of Pandora, with a price target of $11, which represents a potential upside of 20% from where the stock is currently trading.

Patil wrote, “We see several initiatives in the works that should be longer-term positives. We are constructive on the company’s strategy to enter on-demand, expand internationally and build out its AMP offering. Longer-term, these initiatives should expand the company’s market opportunity and enhance Pandora’s ability to grow.”

The analyst continued, “Given the focus on these new initiatives, 2016 is looking like an investment year. Moreover, we believe meaningful revenue contribution from on-demand and international isn’t likely until 2017. As such, we believe consensus EBITDA estimates may be at risk as we move through the year. We are modeling 2016 EBITDA of $34.4 million vs. consensus of $63.1 million and 2017 EBITDA of $111.4 million vs. consensus of $157.6 million.”

Out of the 25 analysts polled by TipRanks in the last 3 months, 13 rate Pandora stock a Hold, while 12 rate the stock a Buy. With a return potential of nearly 113%, the stock’s consensus target price stands at $19.68.