15% Of Pandora’s 100M Users ‘Intend’ To Upgrade To Paid Premium

Pandora has told shareholders that it projected signing up 6 – 9 million paid subscribers to its newly launched Premium on-demand streaming service in 2017. But a survey of users. Continue reading [https://www.hypebot.com/hypebot/2017/03/15-of-pandoras-100m-users-intend-to-upgrade-to-paid-premium.h

Pandora has told shareholders that it projected signing up 6 – 9 million paid subscribers to its newly launched Premium on-demand streaming service in 2017. But a survey of users suggests that the number could be much higher.

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15% of Pandora's 100 million monthly free streaming customers intend to upgrade to its paid service this year, according to a survey by Piper Jaffray analyst Stan Myers.

The analysis led Myers to raise his forecast for Pandora stock of $18 per share. Pandora stock [P] was trading around $11.80 on Friday afternoon.