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# Pandora Slips To $13.26. Top Analyst Says Sell, Predicts Fall To $5.50
- URL: https://www.hypebot.com/pandora-slips-to-1326-top-analyst-says-sell-predicts-fall-to-550/
- Published: 2011-06-17T08:14:52.000Z
- Updated: 2011-06-17T08:14:52.000Z
- Description: I'm not ready to give up on Pandora yet, but many investors and at least one top stock analyst certainly are. After rising into the low $20's on the day. Continue reading [https://www.hypebot.com/hypebot/2011/06/pandora-slips-to-1326-top-analyst-says-sell-predicts-fall-to-550.html]
- Author: Bruce Houghton
- Tags: Streaming, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from chart.finance.yahoo.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201538f3fcf11970b-200wi "image from chart.finance.yahoo.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201538f3fcf11970b-popup?ref=hypebot.com)

I'm [not ready](https://www.hypebot.com/5-reasons-id-buy-todays-pandora-ipo-even-at-new-16-a-share-25-billion-valuation/) to give up on **Pandora** yet, but many investors and at least one top stock analyst certainly are. After rising into the low $20's on the day of its **IPO**, the stock [fell back](https://www.hypebot.com/pandora-stock-opens-strong-then-falls-back-to-earth/) to around $18 at the the end of Wednesday. But the decline escalated on Thursday closing at $13.26\. Some of the drop came after BTIG Research analyst **Rich Greenfield** began his tracking of Pandora with a Sell rating and a target price of **$5.50**.

Pandora's problems stem from its large fixed streaming costs, which just get higher the more popular it becomes. "Pandora is a great consumer music service, but its business model does not scale in the same way as other successful Internet businesses," wrote [Greenfield](http://www.btigresearch.com/2011/06/16/initiating-pandora-with-sell-rating-and-550-price-target/?ref=hypebot.com).

Image via [Yahoo Finance](http://finance.yahoo.com/q?d=t&s=P&ref=hypebot.com), where you can also track Pandora's current price.

**MORE:** "[5 Reasons I'd Buy Today's Pandora IPO](https://www.hypebot.com/5-reasons-id-buy-todays-pandora-ipo-even-at-new-16-a-share-25-billion-valuation/)".