Aug 19, 2013

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Stocks under Investors Ratings: Pandora Media Inc. (NYSE:P) and Trulia Inc. (NASDAQ:TRLA)

Stocks under Investors Ratings: Pandora Media Inc. (NYSE:P) and Trulia Inc. (NASDAQ:TRLA)

Pandora Media Inc. (NYSE:P) reported that its shares jumped up 3%, to $20.94 Monday, as industry experts persisted to weigh in on the Internet radio firm prior to its quarterly earnings report.

Laura Martin, of Needham & Co., lifted her price target on Pandora’s stock to $25 per share as compared to $20, mentioning in the research note that Pandora’s major streaming [radio] business has crossed breakeven.

Martin, who kept her buy rating on Pandora unchanged, also stated that the firm’s revenue possible from its service being consisted of more automobile models. Pandora is slated to declare it is fiscal second-quarter earnings performance following the closing bell on Thursday.

Online real estate information and research firm Trulia Inc. (NASDAQ:TRLA) shares moved down almost 4%, to $44.15 a share in early trading session on Monday in New York.

RBC Capital Markets expert Mark Mahaney lowered his rating on Trulia’s stock to sector perform, or neutral, from outperform, having a price target of $47 per share.

In a research memo, Mahaney reported that he downgraded his rating mainly on valuation issues, stating that the risk-reward profile for the stock has turned less attractive.

However, Mahaney further stated that Trulia does witness robust competition from opponents including Zillow and Realtor.com.

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