The long-awaited Copyright Royalty Board (CRB) decision is in, and the market seems to think that it’s good news for Pandora Media. The decision by the board to set copyright royalties at $0.17 per hundred songs ad $0.22 for subscription-based music in 2016 has sent Pandora’s stock soaring more than 13.3 percent in early Thursday trading.

The market certainly sees the decision as good news for Pandora, but what does Wall Street think? Here’s what five leading firms have to say about the ruling’s impact on Pandora.

FBR & Co

Analyst Barton Crockett says news is “better than feared” and good enough for Pandora to deserve an upgrade to Market Perform. FBR maintains a $16 price target for the stock.

Piper Jaffray

Analyst James Marsh sees the decision as “a net positive for Pandora, allowing it to scale its business in the outer years as costs flatten out in 2017.” Piper Jaffray has a Neutral rating on Pandora and a $17 target for the stock.

Credit Suisse

Analyst Stephen Ju believes…

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