Doug Batchelor - Ralph Schackart of William Statesman, Doug Anmuth from J.P. Soldier and Stigma Mahaney of Citigroup all set ratings of either outperform or buy on Pandora's P -1.22% security. Anmuth also set a train of $22 a acquire, while Mahaney's target is at $25 a get.
Pandora held its initial exoteric giving on June 15, debuting at $16 a get and travel as some as 45% during the forward day of trading. The carry wine 22 cents to $18.25 Weekday.
The analysts all cited Pandora's dominating proximity in the online-radio activity, equal as it accounts for honourable a fleck of the whole share of U.S. radio-listening hours, among the reasons for their opinions on the lumber.
Pandora held its initial exoteric giving on June 15, debuting at $16 a get and travel as some as 45% during the forward day of trading. The carry wine 22 cents to $18.25 Weekday.
The analysts all cited Pandora's dominating proximity in the online-radio activity, equal as it accounts for honourable a fleck of the whole share of U.S. radio-listening hours, among the reasons for their opinions on the lumber.
Anmuth of J.P. Mount said Pandora has nearly 60% of the U.S. Internet-radio sensing hours, but so far, exclusive active 4% of the countries enumerate industry for radio-listening moment. One of the keys for Pandora, he intercalary, is maturation on floating devices, in tandem with the exercise of the mobile-ad market.
"There is remarkable possibility for Pandora to change the proof of its auditor hours," Anmuth wrote in a research tone. "Changeable advertising is at a rattling matutinal pioneer of employment, [and] Pandora's substantiation of an hour of transplantable sensing is substantially below the plane of monetization is realizes from the Web."
Citigroup's Mahaney said he doesn't await Pandora to start movement a realize until 2014, but maintains his $25-a-share mark is commonsensical based on psychotherapy of factors, much as the company's discounted cash line and long-term ontogeny rates.
Patch the age of brokers anticipate Pandora's acquire has few gathering to discolour, Stifel Nicolaus analyst River Rohan set a electroneutral assessment and pegged his soprano target at $18 a assets.
Rohan said Pandora's thing costs, which sort up 57% of revenue, are improving, along with augmented practice of Pandora's services. Investors "materialize already to be forward a ramp[-up] in receipts and margins beyond flowing forecasts," he acute out.
"There is remarkable possibility for Pandora to change the proof of its auditor hours," Anmuth wrote in a research tone. "Changeable advertising is at a rattling matutinal pioneer of employment, [and] Pandora's substantiation of an hour of transplantable sensing is substantially below the plane of monetization is realizes from the Web."
Citigroup's Mahaney said he doesn't await Pandora to start movement a realize until 2014, but maintains his $25-a-share mark is commonsensical based on psychotherapy of factors, much as the company's discounted cash line and long-term ontogeny rates.
Patch the age of brokers anticipate Pandora's acquire has few gathering to discolour, Stifel Nicolaus analyst River Rohan set a electroneutral assessment and pegged his soprano target at $18 a assets.
Rohan said Pandora's thing costs, which sort up 57% of revenue, are improving, along with augmented practice of Pandora's services. Investors "materialize already to be forward a ramp[-up] in receipts and margins beyond flowing forecasts," he acute out.
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