Pandora Media (P) was Downgraded to a Hold Rating at RBC Capital


RBC Capital analyst Mark Mahaney downgraded Pandora Media (NYSE: P) to Hold today and set a price target of $10. The company’s shares opened today at $9.28, close to its 52-week high of $10.07.

According to TipRanks.com, Mahaney is a top 25 analyst with an average return of 27.9% and a 72.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as Alphabet Inc, Wix.com Ltd, and Dropbox Inc.

Currently, the analyst consensus on Pandora Media is a Moderate Buy with an average price target of $9.30, which is a 0.2% upside from current levels. In a report issued on September 24, William Blair also downgraded the stock to Hold.

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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 8.85M.

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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.

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