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Pandora Gets First Sell Rating

Thursday, 16 Jun 2011 | 5:29 PM ET

Pandora made headlines earlier in the week when it priced above the high end of its range and then surged in its first day of trade.

However, shares quickly came back to earth– with the stock closing well over 20% lower on Thursday.

If you’re among the skeptics who thinkPandora is overvalued you’ll want to hear from Rich Greenfield of BTIG Media. His price target is $5.50.

Get all the details. Watch the video now!

Pandora Gets First 'Sell' Rating
Rich Greenfield, BTIG media analyst, initiates Pandora with a 'sell' rating. "Pandora's growth potential does not justify stock price," he tells "Fast Money."





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Trader disclosure: On June 16, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (NUE); Adami Owns (MSFT); Adami Owns (BTU); Finerman Own (AAPL); Finerman Owns (BAC); Cortes owns (GOOG); Cortes owns (SVU); Cortes owns (MS); Cortes owns (GS)
Cortes owns (RIMM); Cortes is short the Nikkei; Cortes is short the Euro; Cortes is short the Australian Dollar; Cortes is short Silver; Cortes is short (BIDU); Cortes is short Corn
Cortes is short Natural Gas

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