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A statement released earlier today by Gabelli about Pandora Media (NYSE:P) bumps the target price to $12.00

Boasting a price of $7.02, Pandora Media (NYSE:P) traded -0.61% lower on the day. With the last stock price close down -15.88% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Pandora Media has recorded a 50-day average of $8.39 and a two hundred day average of $9.65. Volume of trade was down over the average, with 4,489,288 shares of P changing hands under the typical 9,435,150

Gabelli bumped up the target of Pandora Media (NYSE:P) to $12.00 stating a potential upside of 0.71%.

Performance Chart

Pandora Media (NYSE:P)

With a total market value of $0, Pandora Media has with a one year low of $6.76 and a one year high of $14.94 .

A total of 28 equity analysts have released a ratings update on P. Seven equity analysts rating the company a strong buy, nine equity analysts rating the company a buy, nineteen equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $14.05.

Brief Synopsis About Pandora Media (NYSE:P)

Pandora Media, Inc. (Pandora) is a music discovery platform, offering a personalized experience for each of its listeners wherever and whenever they want to listen to music, whether through earbuds, car speakers or live on stage. The Company delivers targeted messages to its listeners using a combination of audio, display and video advertisements. Its segments include Pandora-Internet Radio Service and Ticketfly. As of December 31, 2016, it provided Pandora service through two models: advertising-supported service and subscription service-Pandora Plus. Pandora is integrated with connected devices, including automobiles, automotive aftermarket devices and consumer electronic devices. Its Ticketfly service is a cloud ticketing platform for live events. It operates ticketing service through its subsidiary, Ticketfly, a live events technology company that provides ticketing and marketing software and services for its clients, which are venues and event promoters, across North America.

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