Pandora stock zooms higher as analyst identifies podcast potential

December 1, 2017
Pandora stock zooms higher as analyst identifies podcast potential
Pandora stock zooms higher as analyst identifies podcast potential-1

Source: Bose

Pandora reported mixed results earlier this month, as active listeners declined slightly more than expected. CEO Roger Lynch told investors “there’s no silver bullet that’s going to come in and solve these problems,” emphasizing that investments in advertising would begin to have an effect next year.

Salmon says that Pandora’s changes to its business model “are being underappreciated.” He cited music industry executives who have said they are optimistic about the potential growth of audio advertisements next year.

He said investors are also overlooking the success of Pandora’s subscription offerings. Salmon says the streaming service has stronger revenue than both the firm and Wall Street expected in the last quarter. Pandora Charms Clearance Premium now has more than one million subscribers.

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