William Blair Maintains Outperform On Pandora Media Shares

In a research report issued today, William Blair analyst Ralph Schackart maintained an Outperform rating on Pandora Media Inc (NYSE:P). No price target was provided.

Schackart observed, “We do not believe there is much change to the Pandora bull thesis; while recognizing user growth is a fair near-term concern, Pandora is proving the monetization bull thesis. Pandora bulls remain focused on $1.50 to $2.00 in EPS power and are assigning a 20- times P/E multiple, suggesting a $30-$40 stock price and an attractive risk/reward profile, in our view. We continue to believe Pandora will be an outperforming stock over the long term as Internet radio takes market share and Pandora captures more local advertising budgets. “

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Ralph Schackart has a total average return of 17.9% and a 69.0% success rate. Schackart has a -16.7% average return when recommending P, and is ranked #276 out of 3343 analysts.

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