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Goldman Sachs Starts Pandora (P) at Neutral

December 14, 2011 8:44 AM EST
Get Alerts P Hot Sheet
Price: $9.79 -3.45%

Rating Summary:
    11 Buy, 4 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Goldman Sachs initiates coverage on Pandora (NYSE: P) with a Neutral. PT $12.00.

"We believe Pandora's massive growth opportunity, from driving monetization of the over 2 bn listener hours that its online and mobile music product generates, is currently reflected in the stock’s premium multiple," the firm said.

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 $10.57 yesterday.


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