Webtoon Entertainment Sees Q3 Sales $358.000M-$368.000M vs $387.717M Est

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JP Morgan Maintains Neutral on Webtoon Entertainment, Lowers Price Target to $10

JP Morgan analyst Dae Lee maintains Webtoon Entertainment (NASDAQ:WBTN) with a Neutral and lowers the price target from $11 to $10.

WEBTOON Entertainment shares are trading lower after the company reported mixed Q2 financial results and issued Q3 sales guidance below estimates. Also, Evercore ISI Group lowered its price target on the stock from $15 to $12.