Pandora Media (P) was Downgraded to a Hold Rating at Canaccord Genuity

Canaccord Genuity analyst Maria Ripps downgraded Pandora Media (P) to Hold today and set a price target of $9. The company’s shares closed yesterday at $8.65.

Ripps has an average return of 10.9% when recommending Pandora Media.

According to TipRanks.com, Ripps is ranked #4455 out of 4905 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Pandora Media with a $9.80 average price target, implying a 13.3% upside from current levels. In a report issued on October 24, Goldman Sachs also downgraded the stock to Hold 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.