2 Stocks Michael Pachter Is Watching
Michael Pachter was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.
On the show, Wedbush Equity Analyst Michael Pachter said there were two stocks he was watching.
First, Pandora Media Inc (NYSE: P). Pachter commented that if the service can deliver ads more frequently with more listeners, then more the revenues would follow.
Pachter also thought that Pandora would win its case with the Copyright Royalty Board would could cause the stock to double or triple later this year.
Shares of Pandora Media recently traded at $15.89, up 0.25 percent.
Second, Activision Blizzard, Inc. (NASDAQ: ATVI) was "best positioned" among video game publishers "to grow faster than the market," according to Pachter, with the potential for 50 percent appreciation in 2015.
Shares of Activision Blizzard recently traded at $22.48, up 0.05 percent.
Listen to the show here:
Latest Ratings for P
Mar 2015 | CRT Capital | Upgrades | Fairly Valued | Buy |
Feb 2015 | JMP Securities | Initiates Coverage on | Market Perform | |
Feb 2015 | Macquarie | Initiates Coverage on | Neutral |
View More Analyst Ratings for P
View the Latest Analyst Ratings
See more from Benzinga
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
