Goldman Sachs analyst Eric Sheridan downgraded Webtoon (WBTN) to Neutral from Buy with a price target of $10, down from $15, following the Q4 report. The company’s revenue guidance and 2026 commentary came in below expectations, with uncertainty remaining around the return to double-digit growth exiting 2026, the analyst tells investors in a research note. Goldman says it needs better visibility into the trajectory of Webtoon’s sales trends and monetization before again recommending the shares.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBTN:
- HSBC downgrades Webtoon to Hold on ‘unclear guidance’
- Webtoon price target lowered to $11 from $13 at JPMorgan
- Webtoon price target lowered to $14 from $19 at Deutsche Bank
- Video: Moderna advances as settlement seen removing share overhang
- Webtoon price target lowered to $15 from $20 at Evercore ISI