Analysts: Keep Bullish Outlook on Pandora and 3 More Research Notes to Check Out
Pandora Media Inc. (NYSE:P): Piper Jaffray raised its price target for Pandora shares to $37 from $27, noting improving mobile monetization and a more benign competitive landscape now that all the major players have entered the market; Piper reiterates an Overweight rating on Pandora, saying it remains bullish on the name.
Alaska Air Group Inc. (NYSE:ALK): Imperial Capital raised its price target for Alaska Air to $86 from $78 after the company’s investor day and keeps an Outperform rating on Alaska Air stock.
Salesforce.com Inc. (NYSE:CRM): JPMorgan says Salesforce.com’s new annualized subscription billings only grew modestly in the third quarter; in addition, the company’s new annual contract value only grew 8 percent after adjustments. The firm raised its price target for Salesforce.com shares to $40 from $35 and keeps a Neutral rating on the stock.
Cognizant Technology Solutions Corp. (NASDAQ:CTSH): Deutsche Bank raised its price target for Cognizant Technology to $111 from $95, noting pick-ups in demand and a belief that its penetration rates remain low; the firm reiterates a Buy rating on Cognizant Technology stock.