WEBTOON Entertainment (NASDAQ:WBTN) Given New $25.00 Price Target at Deutsche Bank Aktiengesellschaft

WEBTOON Entertainment (NASDAQ:WBTN) had its target price hoisted by Deutsche Bank Aktiengesellschaft from $18.00 to $25.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also commented on the company. Evercore ISI boosted their price target on WEBTOON Entertainment from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group boosted their price target on WEBTOON Entertainment from $11.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Zacks Research raised WEBTOON Entertainment from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 25th. JPMorgan Chase & Co. boosted their price target on WEBTOON Entertainment from $14.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley boosted their price target on WEBTOON Entertainment from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, WEBTOON Entertainment has an average rating of “Moderate Buy” and an average target price of $17.83.

WEBTOON Entertainment Stock Performance

WBTN opened at $20.80 on Tuesday. The business has a 50 day moving average price of $12.34 and a 200 day moving average price of $9.97. WEBTOON Entertainment has a twelve month low of $6.75 and a twelve month high of $21.32. The firm has a market cap of $2.72 billion, a P/E ratio of -27.01 and a beta of 1.34.

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

Institutional Trading of WEBTOON Entertainment

A number of hedge funds have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of WEBTOON Entertainment by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 865,698 shares of the company’s stock valued at $7,861,000 after buying an additional 36,175 shares during the last quarter. Bank of America Corp DE increased its stake in WEBTOON Entertainment by 966.9% during the 2nd quarter. Bank of America Corp DE now owns 823,708 shares of the company’s stock worth $7,479,000 after acquiring an additional 746,505 shares during the period. Geode Capital Management LLC increased its stake in WEBTOON Entertainment by 12.3% during the 2nd quarter. Geode Capital Management LLC now owns 505,892 shares of the company’s stock worth $4,594,000 after acquiring an additional 55,434 shares during the period. Millennium Management LLC increased its stake in shares of WEBTOON Entertainment by 1,312.2% in the 4th quarter. Millennium Management LLC now owns 224,887 shares of the company’s stock valued at $3,054,000 after purchasing an additional 208,962 shares during the last quarter. Finally, Optimize Financial Inc bought a new position in shares of WEBTOON Entertainment in the 1st quarter valued at $1,132,000.

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.