Pandora Media shares are starting the first full week of 2018 by flirting with a record low, sending shares to nearly half of its one-year target estimate set by Wall Street financial analysts.
The downward action for “P” comes on the heels of a blistering report from Morgan Stanley analyst Benjamin Swinburne, who believes growing ad revenue is 2018 “is no longer a given” for Pandora. His comments come just two days before Pandora’s appearance at an important investment community conference.