Pandora Media (P) Upgraded by Gilford Securities to "Hold"
Monday, July 18, 2021 5:02 PM

Equities research analysts at Gilford Securities upgraded shares of Pandora Media (NYSE: P) to a "hold" rating in a research note to investors on Monday.

Separately, analysts at Capstone initiated coverage on shares of Pandora Media in a research note to investors on Thursday. They set a "sell" rating and a $12.00 price target on the stock. Also, 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.

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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