WEBTOON Entertainment (NASDAQ:WBTN) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised WEBTOON Entertainment's target price from $14.00 to $22.00, indicating a potential upside of 47.06% based on the previous close.
• Several analysts have issued positive ratings on the stock, with a consensus price target of $16.33 and a majority rating it as a "Moderate Buy."
• WEBTOON recently reported $0.07 earnings per share, surpassing estimates, and its revenue increased by 8.5% compared to the same quarter last year.

WEBTOON Entertainment (NASDAQ:WBTN - Get Free Report) had its price target lifted by stock analysts at JPMorgan Chase & Co. from $14.00 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s target price would indicate a potential upside of 3.24% from the company's current price.

A number of other analysts have also recently weighed in on WBTN. Evercore ISI boosted their price objective on shares of 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 boosted their price target on shares of WEBTOON Entertainment from $11.00 to $15.00 and gave the company a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of WEBTOON Entertainment from a "strong sell" rating to a "hold" rating in a report on Saturday, August 16th. Zacks Research raised shares of WEBTOON Entertainment from a "hold" rating to a "strong-buy" rating in a report on Monday, August 25th. Finally, Morgan Stanley upped their target price on shares of WEBTOON Entertainment from $10.00 to $11.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, WEBTOON Entertainment has an average rating of "Moderate Buy" and an average target price of $17.83.

WEBTOON Entertainment Price Performance

WBTN traded up $0.21 on Tuesday, reaching $21.31. 2,025,151 shares of the company traded hands, compared to its average volume of 1,220,208. The stock's 50 day moving average price is $13.03 and its 200-day moving average price is $10.21. WEBTOON Entertainment has a 52-week low of $6.75 and a 52-week high of $22.47. The company has a market cap 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 announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.05. WEBTOON Entertainment had a negative net margin of 7.24% and a negative return on equity of 0.13%. The firm had revenue of $348.27 million for the quarter, compared to the consensus estimate of $341.63 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The firm's revenue was up 8.5% on a year-over-year basis. WEBTOON Entertainment has set its Q3 2025 guidance at EPS. As a group, equities research analysts forecast that WEBTOON Entertainment will post -0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its position 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 valued at $7,479,000 after purchasing an additional 746,505 shares during the period. Ameriprise Financial Inc. boosted its stake in WEBTOON Entertainment by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 865,698 shares of the company's stock worth $7,861,000 after acquiring an additional 36,175 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in WEBTOON Entertainment by 8.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,816 shares of the company's stock worth $89,000 after acquiring an additional 774 shares during the last quarter. Jump Financial LLC bought a new position in WEBTOON Entertainment during the 2nd quarter worth approximately $376,000. Finally, Amundi bought a new position in WEBTOON Entertainment during the 2nd quarter worth approximately $243,000.

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.