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Enter Symbol:
 
Pandora Media Inc (P) [hlAlert]

Rating:
Buy P
down 53.43 %

Pandora Media Inc (P) rated Buy with price target $41 by BofA/Merrill

Posted on: Friday,  Mar 7, 2014  10:25 AM ET by BofA/Merrill

BofA/Merrill rated Buy Pandora Media Inc (NYSE: P) on 03/07/2014, when the stock price was $37.56. Since
then, Pandora Media Inc has lost 53.43% as of 01/19/2016's recent price of $17.49.
If you would have followed this BofA/Merrill's recommendation on P, you would have lost 53.43% of your investment in 683 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.

BofA/Merrill
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/7/2014 10:25 AM Buy
None
37.56 41.00
as of 10/17/2014
1 Week up  7.79 %
1 Month down  -16.72 %
3 Months down  -11.39 %
1 YTD down  -39.96 %

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