Pandora soars on Facebook's results, Goldman note

|About: Pandora Media (P)|By:, SA News Editor

Like several other Internet stocks, Pandora (P +12.3%) is getting a lift from Facebook's very strong Q4 report, which included the disclosure mobile ads accounted for 53% of the social networking giant's Q4 revenue. Pandora received 73% of its ad sales via mobile in its October quarter.

Also helping: A Goldman note arguing out-of-the-money Pandora call options are a good bet, given they place very low odds on shares doubling over the next year (something Goldman considers a possibility).

12.8% of Pandora's float was shorted as of Jan. 15.