Pandora (P): Direct Licensing Deals, Another Step Towards Profitability - Wedbush

Wedbush analyst, Michael Pachter, reiterated his Outperform rating on shares of Pandora (NYSE: P) on the belief that if the company can convert 2 million Pandora One subscribers to on-demand and attract both 1 – 2 million new U.S. on-demand subscribers, and 1 – 2 million international ondemand subscribers in 2017, the company has the ability to expand margins and return to profitability over the long-term. This is in addition to executing on the live events venture, on-demand subscription services and core international expansion.

No change to the price target of $15.

For an analyst ratings summary and ratings history on Pandora click here. For more ratings news on Pandora click here.

Shares of Pandora closed at $14.10 yesterday.

You May Also Be Interested In

• Nomura/Instinet Downgrades Hanwha Systems (272210:KS) to Reduce
• Aurora Innovation (AUR) Reiterated at Overweight by Cantor Fitzgerald on Hitting Over 6M Autonomous Miles
• Stifel on NewAmsterdam Pharma Co NV (NAMS): 'the risk/reward is very compelling'