WEBTOON Stock Soars: What's Driving the Surge?

Stock Performance

• New High: $19.70 (settled at $19.67)
• Previous Close: $14.96
• Trading Volume: Over 1.4 million shares

Analyst Ratings

• Deutsche Bank: Price target raised from $18 to $25, Buy rating
• Morgan Stanley: Target raised to $11, Equal Weight rating
• JPMorgan Chase: Target raised to $22, Neutral rating
• Zacks Research: Upgraded from Hold to Strong-Buy
• Wall Street Zen: Shifted from Strong Sell to Hold
• Goldman Sachs: Target raised to $15, Buy rating
• Current Consensus: Moderate Buy with an average target of $17.83

Institutional Investments

• Signaturefd LLC: Increased stake by 59.6%
• CWM LLC: Boosted stake by 649%
• Deutsche Bank AG: New position worth $54,000
• Generali Investments: New investment worth $58,000
• MIRAE ASSET GLOBAL ETFS HOLDINGS: Increased stake by 8.6%

Company Metrics

• Market Cap: $2.74 billion
• PE Ratio: -27.27
• 50-Day Moving Average: $12.57
• 200-Day Moving Average: $10.05
• EPS (Q2): $0.07 (beat estimates by $0.05)
• Revenue (Q2): $348.27 million (up 8.5% YoY)
• Analyst Prediction (Current Year): Loss of $0.26 per share

About WEBTOON WEBTOON operates a global storytelling platform that connects creators and users, offering web-comics and web-novels. The platform focuses on discovering, creating, and sharing new content.