Pandora Under Pressure From Slowing Sales and Surging Silver Price -- Market Talk

Dow Jones
01/22

1048 GMT - Pandora's stock is under increasing pressure from slowing like-for-like sales momentum and extreme silver price inflation, Citi analyst Thomas Chauvet writes. Silver price has more than tripled in the last 12 months while around 25% of the company's 2026 and 2027 silver requirement is still unhedged, he says. "Near-term visibility has diminished considerably." The unsustainable precious metals market has forced management to accelerate product innovation, planning a more affordable blended metals offering for late 2026. However, critical questions remain about the execution of this shift, Chauvet adds. The bank downgrades the stock to neutral from buy and lowers its target price to 574 Danish kroner from 1,032 kroner. Shares fall 1.6% to 509 kroner. (dominic.chopping@wsj.com)

 

(END) Dow Jones Newswires

January 22, 2026 05:49 ET (10:49 GMT)

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