Pandora AS
PNDORA: XCSE (DNK)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| N^t | LOCK|Tl?> | LOCK|b?#yry |
Pandora Earnings: Continued Solid Growth Driven by Diversified Product Range; Shares Fairly Valued
We maintain our DKK 1,010 per share fair value estimate for narrow-moat Pandora as the company reported a solid third quarter and narrowed its full-year revenue guidance toward the higher end of the range (to 11%-12% from 9%-12). Our forecasts factor in 10.5% organic growth. Shares look fairly valued.
