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Rating: P
Neutral $18

Pandora Media Inc (NYSE: P) reiterated to Neutral with price target $18 by MKM Partners

Thursday,  Dec 17, 2015  11:25 AM ET by Lynn Gilbert

MKM Partners reiterated Pandora Media Inc (NYSE: P) to Neutral with price target $18. Previously, MKM Partners rated Pandora
Media Inc (NYSE: P) to Neutral with price target $14 on 10/23/2015, when the stock price was valued at $13.17. Since then, Pandora Media Inc's stock price has gained 16% as of 12/17/2015's recent price of $15.22.

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.

MKM Partners LLC is an institutional equity trading and research firm. MKM Partners has extensive experience in the agency execution of U.S. and international equity orders. We provide clients with timely and unbiased economic, technical, and fundamental research.

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