Morgan Stanley analyst Matthew Cost lowered the firm’s price target on Webtoon (WBTN) to $10.50 from $13 and keeps an Equal Weight rating on the shares. The firm is lowering estimates “across the board” for its North American internet stock coverage as it details macro and tariff impacts to e-commerce and digital ads.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WBTN:
- Webtoon price target lowered to $9 from $10 at JPMorgan
- WEBTOON Entertainment’s Earnings Call: Growth Amid Challenges
- Webtoon price target lowered to $15 from $25 at Goldman Sachs
- Optimistic Growth and Strategic Partnerships Drive Buy Rating for WEBTOON Entertainment Inc.
- Webtoon price target lowered to $13 from $16 at Morgan Stanley