Gilford Securities Analysts Begin Coverage on Pandora Media (P)
Thursday, July 07, 2021 6:10 PM

Equities research analysts at Gilford Securities initiated coverage on shares of Pandora Media (NYSE: P) in a research note to investors on Thursday. The analysts set a "sell" rating on the stock.

Separately, analysts at Maxim Group initiated coverage on shares of Pandora Media in a research note to investors on Wednesday, June 15th. They set a "buy" rating and a $23.00 price target on the stock.

Shares of Pandora Media traded up 3.32% during mid-day trading on Friday, hitting $18.98. Pandora Media has a 52 week low of $12.16 and a 52 week high of $26.00. The stock's 50-day moving average is $16.1 and its 200-day moving average is $16.1. The company has a market cap of $3.032 billion.

This Pandora's box is filled with music. The Internet radio station generates playlists based on a user's favorite artist or song. As part of the company's Music Genome Project, songs are analyzed according to musical features -- including details of instrumentation, harmony, lyrics, melody, rhythm, and vocals. Users enter the name of a song, and Pandora creates a playlist of songs with similar characteristics. Pandora's service, free to its more than 80 million registered users and available only in the US, is supported by local and national advertising. Pandora chief strategy officer Tim Westergren founded the company in 2000; It filed for an IPO in 2011.

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