Pandora is getting slaughtered - here's what Wall Street thinks of its long-term prospects
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Pandora stock is getting slaughtered Friday, down over 18% since the start of trading.
On Thursday, the news broke that Pandora was exploring the idea of selling itself, using Morgan Stanley to scope out potential buyers. Stock popped over 10% immediately following the news.
Later on Thursday, however, the company announced disappointing Q4 earnings, and the stock plunged after-hours, dropping over 8% before rebounding.
But that late investor goodwill did not hold Friday morning.
Here is a chart of the stock plunge:
Yahoo Finance
But beyond the daily ups and downs of the stock, how is the long-term health of the company?
Here are three Wall Street analyst takes (lightly edited for clarity):
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