Pandora Stock: Next Stop, $7.50?
There was no shortage of analysts lowering their price targets on Pandora (NYSE: P) last week following a disappointing quarterly report. With its listener base shrinking, premium subscriptions growing too slowly, and Sirius XM Radio (NASDAQ: SIRI) settling for a minority stake instead of an outright buyout, it's easy to see why so many Wall Street pros have soured on the streaming-music service.
Analysts seem to be hovering around the low teens and pre-teens as the new normal for Pandora, but that's not always the case. Nat Schindler at BofA/Merrill lowered his price target from $9 all the way down to $7.50 last week. Schindler has been bearish on the stock -- the right call, to be fair -- and now he sees the stock continuing to move lower.
Image source: Pandora.
Source: Fool.com
Sirius XM Holdings Inc. Stock
With 6 Buy predictions and 7 Sell predictions the community is currently undecided on Sirius XM Holdings Inc..
On the other hand, the target price of 5 € is above the current price of 2.55 € for Sirius XM Holdings Inc., so the potential is actually 96.0%.
