Analysts: Pandora’s Outlook Positive Amid Competition and 3 More Research Notes to Read
Pandora (NYSE:P): Pacific Crest raised its price target on Pandora to $32 from $24, citing increased confidence in the company’s competitive position and monetization improvements following a meeting with management; the firm keeps an Outperform rating on Pandora stock.
American Express (NYSE:AXP): Following news that American Express reported higher-than-expected third-quarter earnings per share, Oppenheimer believes the positive third-quarter results are indicative of the company’s enormous financial flexibility and the many levers it can pull to show earnings growth. However, the firm keeps a Perform rating on American Express stock based on valuation.
NetApp (NASDAQ:NTAP): Brean Capital said checks suggest that the demand for NetApp products are tracking above expectations; the firm believes the company’s aggressive capital return strategy should continue to support the stock, as will its cost-savings strategy if demand softens. The analyst has rated NetApp shares a Buy with a $50 price target.
Monster Beverage (NASDAQ:MNST): After conducting channel checks, Stifel expects Monster’s sales growth to accelerate to 10.7 percent in the third quarter from 6.5 percent growth so far this year; the firm expects the company’s sales growth to remain around the 10.7 percent level through the first half of 2014, driven by increasingly favorable year-over-year comparisons, innovation, improving U.S. category growth, and further international expansion. Stifel keeps a $68 price target and Buy rating on Monster shares.
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