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Pandora Media Inc (P) [hlAlert]

Rating:
Buy P
down 17.84 %

Pandora Media Inc (P) rated Buy with price target $27 by Goldman

Posted on: Friday,  Aug 16, 2013  8:25 AM ET by Goldman

Goldman rated Buy Pandora Media Inc (NYSE: P) on 08/16/2013, when the stock price was $21.29. Since
then, Pandora Media Inc has lost 17.85% as of 01/19/2016's recent price of $17.49.
If you would have followed this Goldman's recommendation on P, you would have lost 17.84% of your investment in 886 days.

Pandora Media, Inc. (Pandora) is an Internet radio in the United States. As of January 31, 2011, it had over 80 million registered users. The Music Genome Project and its playlist generating algorithms enable it to deliver personalized radio to its listeners. When a listener enters a single song, artist or genre to start a station, a process it calls seeding, the Music Genome Project together with its playlist generating algorithms, allows it to instantly generate a station. It generates revenue from advertising. It also offers a subscription service to listeners. The Pandora service allows listeners to seed personalized stations with artists, composers, songs and genres or choose stations organized by genre. Listeners can create up to 100 personalized stations and use its QuickMix combination feature to listen to two or more of their stations at one time.

Goldman
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/16/2013 8:25 AM Buy
None
21.29 27.00
as of 12/13/2013
1 Week down  -4.41 %
1 Month down  -6.80 %
3 Months up  13.63 %
1 YTD up  28.04 %

(*) Stock Price at the time of the recommendation.
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