Pandora AS

PNDORA: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	DKK 6,449.00	Kdvpgb	Fzcvvxz

Pandora Earnings: Strong Sales and Profits; Shares Fairly Valued

Jelena Sokolova

Aug 13, 2024

We are maintaining our fair value estimate of DKK 1,010 for narrow-moat Pandora as we increase our full-year forecasts slightly to incorporate higher revenue growth in 2024 after a strong first-half performance. We believe shares are fairly valued at current levels.

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