Internet Stocks in the News: Pandora Media Inc(NYSE:P), Netflix Inc., (NASDAQ:NFLX), eBay Inc (NASDAQ:EBAY)

Pacific Crest believes that Apple’s (AAPL) acquisition of Beats is neutral to modest negative for Pandora Media Inc(NYSE:P) from a competitive standpoint. The firm says that Beats is not a significant competitor to Pandora, partly due to the low size of Beats’ subscriber base. Pacific Crest believes that the Beats deal could increase the focus on Pandora’s strategic value. The firm keeps a $45 price target and Outperform rating on Pandora.

Analysts have a consensus price target of $33.44 on Pandora Media (NYSE:P) which indicates a 36% upside. The consensus rating of the stock is a BUY with a score of 2.52. There are currently 7 Hold Ratings, 3 sell ratings and 17 Buy ratings on the stock. The most recent analyst action consisted of Susquehanna lowering its price target to $30 from $41.

Netflix (NASDAQ:NFLX) has agreed to acquire the earliest home video rights to Sony’s (SNE) animated films, reports CNBC. According to a person familiar with the matter, the deal will be effective immediately for several years, carving out the animated features Sony films currently air on Starz (STRZA).

Analysts have a consensus price target of $382.34 on Netflix Inc., (NASDAQ:NFLX) which indicates a 8.49% downside. The consensus rating of the stock is a HOLD with a score of 2.29. There are currently 21 Hold Ratings, 4 sell ratings and 16 Buy ratings on the stock. The most recent analyst action consisted of Oppenheimer boosting its price target to $500 with an outperform rating.

Pacific Crest said eBay’s (NASDAQ:EBAY) security issues over the past 2 weeks could cause the company to miss Street estimates and the low end of guidance. The analyst said 2% of revenues are at risk for the quarter but the bigger issue would be buyers avoiding eBay.

Analysts have a consensus price target of $61.48 on eBay Inc (NASDAQ:EBAY) which indicates a 21.19% upside. The consensus rating of the stock is a BUY with a score of 2.59. There are currently 14 Hold Ratings, 13 Buy ratings, and 2 Strong Buy ratings on the stock. The most recent analyst action consisted of Erste Group downgrading the stock from BUY to HOLD.

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