Pandora Media, Inc.
Thesis
Pandora is positioned for significant growth as it has found ways to monetize mobile listeners effectively, with barriers to radio advertising decreasing. The company is capturing a larger share of the radio advertising market and has potential for expansion both domestically and internationally. With a probability-weighted price target of $38, there is a 40% upside from the current price of $26.82.
Did it work?
The stock pitch for Pandora has significantly outperformed expectations, with a price increase of 212.2% since the pitch, well above the projected upside of 40%. The thesis regarding Pandora's ability to monetize mobile listeners and capture a larger share of the radio advertising market appears to have played out effectively over the elapsed time of 152 months.
Raw excerpt
No raw excerpt stored.