P stock more than 11% last week
Pandora (P) stock fell more than 11% last week (ended January 12, 2018) and closed at $4.59. The stock is currently trading 3.4% above its 52-week low of $4.44 and 66.5% below its 52-week high of $13.72.
In the trailing-12-month period the stock has fallen 63%, and in the past month, the stock has fallen 8%. Investors have been concerned about Pandora’s declining profit margin, slow revenue growth, and growing competition. The stock fell over 30% in November 2017, driven by disappointing 3Q17 results and revenue guidance for 4Q17.
How do analysts view Pandora now?
Pandora will be announcing its 4Q17 results on February 7, 2018. Analysts expect Pandora to post revenues of $376.3 million. Analysts have a low revenue estimate of $365.1 million and a high estimate of $396 million for Pandora for 4Q17 (quarter ended December 2017).
If Pandora meets the average revenue estimate of $376.3 million, it would mean a YoY (year-over-year) fall of 4.1%, compared with its revenues of $392.6 million in 4Q16.
Of the 30 analysts tracking Pandora, ten now recommend a “buy,” and ten analysts now recommend a “hold.” One analyst recommends a “sell” for the stock.
The analysts’ price target for Pandora stock is now $7.85, with a median target estimate of $7.5. Pandora is now trading at a discount of over 60% to the median analyst estimate.