WEBTOON Entertainment Inc. (NASDAQ:WBTN) Receives $17.83 Average Price Target from Brokerages

Shares of WEBTOON Entertainment Inc. (NASDAQ:WBTN) have earned a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.8333.

A number of analysts have commented on WBTN shares. The Goldman Sachs Group upped their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of WEBTOON Entertainment in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of WEBTOON Entertainment from $14.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 16th. Morgan Stanley lifted their price target on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of WEBTOON Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th.

Institutional Investors Weigh In On WEBTOON Entertainment

A number of institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its holdings in WEBTOON Entertainment by 966.9% during the second quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock valued at $7,479,000 after acquiring an additional 746,505 shares during the period. Optimize Financial Inc purchased a new stake in shares of WEBTOON Entertainment during the first quarter worth about $1,132,000. Norges Bank bought a new stake in WEBTOON Entertainment during the 2nd quarter valued at approximately $1,271,000. Jane Street Group LLC bought a new stake in WEBTOON Entertainment during the 1st quarter valued at approximately $619,000. Finally, Vanguard Group Inc. lifted its holdings in WEBTOON Entertainment by 22.8% in the 3rd quarter. Vanguard Group Inc. now owns 427,623 shares of the company’s stock worth $8,300,000 after purchasing an additional 79,295 shares in the last quarter.

WEBTOON Entertainment Price Performance

Shares of WEBTOON Entertainment stock opened at $16.41 on Monday. The company’s fifty day simple moving average is $17.59 and its 200-day simple moving average is $12.62. The stock has a market capitalization of $2.14 billion, a PE ratio of -21.31 and a beta of 1.74. WEBTOON Entertainment has a 1-year low of $6.75 and a 1-year high of $22.47.

WEBTOON Entertainment (NASDAQ:WBTN) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.02 by $0.05. The firm had revenue of $348.27 million during the quarter, compared to analyst estimates of $341.63 million. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.WEBTOON Entertainment’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. As a group, research analysts anticipate that WEBTOON Entertainment will post -0.26 EPS for the current year.

About WEBTOON Entertainment

WEBTOON Entertainment Inc operates a storytelling platform worldwide. The company’s platform allows a community of creators and users to discover, create, and share new content. Its platform offers stories primarily in two ways, including web-comics, a graphical comic-like medium; and web-novels, which are text-based stories.