WEBTOON Entertainment (NASDAQ:WBTN) Price Target Raised to $25.00

Key Points

• WEBTOON Entertainment's price target has been increased from $18.00 to $25.00 by Deutsche Bank, indicating a potential upside of 29.41% from its current trading price.
• The company reported earnings of $0.07 per share, exceeding analysts' expectations and showing a revenue increase of 8.5% compared to the same quarter last year.
• Several analysts have upgraded their ratings for WEBTOON, contributing to an average rating of "Moderate Buy" with an average price target of $17.83.

WEBTOON Entertainment (NASDAQ:WBTN - Free Report) had its price objective upped by Deutsche Bank Aktiengesellschaft from $18.00 to $25.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

WBTN has been the subject of a number of other reports. Evercore ISI increased their target price on WEBTOON Entertainment from $20.00 to $23.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. 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. Wall Street Zen raised WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 16th. Zacks Research raised WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 25th. Finally, Morgan Stanley upped their price target on WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.83.

WEBTOON Entertainment Stock Performance

NASDAQ WBTN traded up $0.21 during trading hours on Tuesday, reaching $21.31. 2,025,151 shares of the company's stock were exchanged, compared to its average volume of 1,220,208. The company's 50-day moving average is $13.03 and its two-hundred day moving average is $10.21. WEBTOON Entertainment has a one year low of $6.75 and a one year high of $22.47. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -27.68 and a beta of 1.34.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative return on equity of 0.13% and a negative net margin of 7.24%.The business had revenue of $348.27 million during the quarter, compared to analysts' expectations of $341.63 million. During the same period in the prior year, the business earned $0.20 EPS. WEBTOON Entertainment's revenue for the quarter was up 8.5% compared to the same quarter last year. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. Research analysts predict that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On WEBTOON Entertainment

Several hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its position in shares of WEBTOON Entertainment by 59.6% in the second quarter. Signaturefd LLC now owns 3,375 shares of the company's stock worth $31,000 after purchasing an additional 1,261 shares during the period. CWM LLC increased its position in shares of WEBTOON Entertainment by 649.0% in the second quarter. CWM LLC now owns 4,674 shares of the company's stock worth $42,000 after purchasing an additional 4,050 shares during the period. Deutsche Bank AG bought a new position in shares of WEBTOON Entertainment in the fourth quarter worth $54,000. Generali Investments Towarzystwo Funduszy Inwestycyjnych bought a new position in shares of WEBTOON Entertainment in the first quarter worth $58,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of WEBTOON Entertainment by 8.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company's stock worth $89,000 after purchasing an additional 774 shares during the period.

WEBTOON Entertainment Company Profile

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.