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

Rating:
Sector Perform
P
down 13.66 %

Pandora Media Inc (P) downgraded to Sector Perform with price target $20 by RBC Capital Mkts

Posted on: Friday,  Oct 23, 2015  8:25 AM ET by RBC Capital Mkts

RBC Capital Mkts rated Sector Perform Pandora Media Inc (NYSE: P) on 10/23/2015. Previously RBC Capital Mkts rated Outperform Pandora Media Inc (NYSE:
P) on 02/06/2015., when the stock price was $14.71. Since then, Pandora Media Inc has lost 13.66% as of 10/23/2015's recent price of $12.70.
If you would have followed the previous RBC Capital Mkts's recommendation on P, you would have lost 13.66% of your investment in 259 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.

RBC Capital Markets is an international corporate and investment bank that provides innovative solutions and a focused set of products and services to institutions, corporations, governments and high net worth clients around the world. With nearly 3,700 professional and support staff, we operate out of 75 offices in 15 countries and deliver our products and services through operations in Asia and Australasia, the UK and Europe and in every major North American city.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/23/2015 8:25 AM Hold
None
12.70 20.00
as of 8/27/2015
1 Week down  -3.37 %
1 Month up  5.36 %
3 Months down  -7.01 %
1 YTD down  -34.24 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/6/2015 8:25 AM Buy
None
14.71 25.00
2/6/2014 9:25 AM Buy
None
32.23 38.00
11/22/2013 8:25 AM Buy
None
31.01 35.00
5/24/2013 10:25 AM Buy
None
18.19 24.00
4/30/2013 9:25 AM Hold
None
13.98 16.00

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