In a report released today, James Goss from Barrington maintained a Buy rating on Pandora Media (P). The company’s shares opened today at $8.67.
Goss noted:
“We feel SIRI is undervalued and attractive at these levels, with a target of $8 – justifying our continued OUTPERFORM investment rating on Pandora. Company Description Pandora Media, Inc. engages in the provision of a music discovery platform through internet radio services. It offers a personalized experience for listeners to listen radio on smartphones, tablets, computers, car audio systems, and Internet‐ connected devices. The company was founded by Timothy Westergren and and is headquartered in Oakland, CA.”
According to TipRanks.com, Goss is a 5-star analyst with an average return of 14.7% and a 70.5% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, iPic Entertainment Inc, and Sirius XM Holdings Inc.
Pandora Media has an analyst consensus of Hold, with a price target consensus of $9.80, which is a 13.0% upside from current levels. In a report released today, Wedbush also maintained a Buy rating on the stock with a $10 price target.
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The company has a one-year high of $10.07 and a one-year low of $4.09. Currently, Pandora Media has an average volume of 9.89M.
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Pandora Media, Inc. engages in the provision of a music discovery platform through internet radio services. It offers a personalized experience for listeners to listen radio on smartphones, tablets, computers, car audio systems, and Internet-connected devices.
