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Pandora Media Inc (NYSE: P) upgraded to Neutral by BTIG Research

Tuesday,  Jan 19, 2016  8:25 AM ET by Dave Ficere

BTIG Research upgraded Pandora Media Inc (NYSE: P) to Neutral.
Previously BTIG Research rated Sell with price target $10 Pandora Media Inc (NYSE: P) on 08/22/2013, when the stock price was $21.76.

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.

BTIG Research created one of the most agile and efficient sales trader-crossing networks in the industry. Widely dispersed, we operate as a tightly knit team with a single mission—to leverage our global relationships and access regional market color to proactively source natural liquidity and execute precision trades on behalf of its clients.



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