Analysts Say Buy Pandora Media Shares After Earnings Sell Off
Pandora Media Inc (NYSE:P): William Blair recommends long-term investors purchase shares of Pandora on the post earnings sell-off. The firm notes Pandora’s FY13 revenue outlook was largely in-line. William Blair keeps an Outperform rating on the stock. Meanwhile, Barrington recommends buying shares of Pandora on the sell-off post the company’s Q4 results and guidance. The firm expects Pandora to continue gaining market and maintains an Outperform rating on the stock with an $18 price target.
Automatic Data Processing, Inc. (NASDAQ:ADP): Credit Suisse is positive on Automatic Data’s recurring revenue base and attractive yield.
NICE Systems Ltd. (NASDAQ:NICE): After meeting with NICE’s management, Oppenheimer believes that the company’s key drivers are still strong and the firm reiterates a $45 target and Outperform rating on the stock.
Microsemi Corp. (NASDAQ:MSCC): After meeting with Microsemi’s management, Oppenheimer believes that the company could report slightly stronger than expected Q2 results, leaving the stock poised to advance further. The firm maintains an Outperform rating.
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