Pandora Media Inc (NYSE:P) was given a Hold rating by Credit Suisse yesterday as the research firm reiterated their stance on the stock. The firm now has a price target of $21 on the equity.
On a consensus basis, Wall Street sell-side analysts have a mean target price of $30.611 for Pandora Media Inc. This number is based on the mean estimate from the 18 research firms that recently issued reports on the company.The most recent price target update was made on 2015-02-05.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 1.73 based on 18 sell-side broker recommendations. Of the 18 analyst estimates, the most bullish sees the stock reaching $41 within the next 12 months while the most bearish analyst sees the stock at $11 within the year. There are currently 2 analysts who have recently rated the stock as a buying opportunity.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $0.05 . The high end estimate for this time frame is $0.29 with the low being $-0.1. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 25%, based on 1 analysts providing projections.
Pandora Media Inc (NYSE:P), is an Internet radio in the United States. As of January 31, 2012, it had over 125 million registered users. The Music Genome Project and its playlist generating algorithms predict listener music preferences, play music content suited to the tastes of each individual listener and introduce listeners to music they will love. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Pandora service generates a station that plays music it think that listener will enjoy. It generates revenue from advertising. It also offers a subscription service to listeners. The Company’s service enables its listeners to create up to 100 personalized stations. Pandora provides service through two models: Free Service and Pandora One.