Twitter's business model has a much higher barrier to entry as we are seeing with similar services as Pandora being offered for free by the big players the high valuation that Pandora has been awarded may very well be taken away by a similar downgrade on valuation and increased competition. It seems very possible if you look at the numbers and whether Pandora will ever be able to turn a profit with free services being offered.
Sentiment: Strong Sell
You have a huge gain, don't be stupid. No one thinks this is going to $35 and a lot are afraid it may drop 10-20% in numerous trading days with any downgrade and dam right it should be downgraded, big companies have come out recently with similar services and applications that are free and Pandora is going to free-fall. So get the hell out Monday. I lost $200k in 1999 in names like Ariba and Priceline. They are still around but they went from $200 to $2. I don't think this is as bad, but it is not far off and with no earnings or tangible assets to support Pandora's fall, I don't think it will stop till it settles in the $10-$15 range and then with free competition, I just don't see what the future has for investors to hope for... Free services being offered by others... FREE FREE FREE what do you not get about that. They suck and hype you guys into this and then sell it short and leave you with nothing. It happens over and over and over, so this time, sell and go short and be right on both sides and true investors...
Sentiment: Strong Sell
“No one thinks this is going to $35”
$37, $36, $35, $33, $32 NEW PRICE TARGETS
Brian Nowak of SIG Susquehanna Financial Group, LLP upgraded the firm’s price target on the stock from $30 to $36 on Monday. (2 DEC)
Wells Fargo maintained an Outperform rating on Pandora (NYSE: P) and raised its price target to $35-$37
JP Morgan boosted the price target on its shares from $25 to $35, just two days after Needham upped its target from $25 to $33 per share.
Analyst Laura Martin, of Needham & Co., raised her price target on the Internet radio company to $33 a share from $25 and maintained her buy rating on the stock. In a research note, Martin also lifted her revenue estimates for Pandora's 2014 and 2015 fiscal years and based must of her forecasts on the company's results through the end of October.
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.
Pandora price target raised to $32 from $25 at BMO Capital
BMO Capital increased its price target on Pandora after the company reported that its listener hours increased by 18% in September. The firm is still upbeat on the company's outlook and keeps an Outperform rating on the shares
I generally agree that the current bubble is fueled by the Fed's easy money. In the specific case of Priceline, however, you would have come out ahead if you hold since 1999.