Ziff Davis price target lowered to $35 from $42 at Citi

Citi analyst Ygal Arounian lowered the firm’s price target on Ziff Davis (ZD) to $35 from $42 and keeps a Neutral rating on the shares. The company reported slightly softer Q3 results, and FY25 guidance at the lower half of its range implies some continued headwinds in Q4, the analyst tells investors in a research note. The firm added that, more positively, it sees potential catalysts for value unlock as management more actively pursues divestitures. For now, the firm remains on the sidelines given timing uncertainties, and sees Q3’s slowing momentum carrying over into Q4 results with growth deceleration and some margin pressure.