Ziff Davis price target lowered to $30 from $38 at UBS

UBS lowered the firm’s price target on Ziff Davis (ZD) to $30 from $38 and keeps a Neutral rating on the shares. Ziff Davis’ Q4 revenue and adjusted EBITDA missed Street expectations by 2% and 7%, respectively, driven by an 18% year over year decline in the Technology & Shopping segment amid weaker high-intent search traffic and softer affiliate commerce trends, the analyst tells investors in a research note. With FY26 guidance deferred pending a strategic review, management expects continued near-term pressure in Technology & Shopping before potential 2H26 moderation, while overall visibility and valuation remain dependent on segment stabilization and greater clarity from the review process, the firm says.