Citi analyst Ygal Arounian lowered the firm’s price target on Ziff Davis (ZD) to $52 from $58 and keeps a Neutral rating on the shares. The firm views the company’s Q4 results and fiscal 2025 guidance as “mixed” with some positive progress offset by headwinds, with many improvements being more second half of the year weighted. Citi continues to believe a catalyst is needed to unlock the perceived value in the shares and its waits for better clarity here.
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