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JPMorgan Chase Lowers Target Price for WEBTOON Entertainment Stock to $10.00

Guavy AI Editorial Team
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JPMorgan Chase & Co. has reduced its target price for WEBTOON Entertainment (NASDAQ:WBTN) stock from $11.00 to $10.00, according to a report issued by Benzinga on Tuesday.

The firm currently has a 'neutral' rating on the stock, indicating that it does not expect significant growth or decline in its value. The price objective suggests a potential upside of 14.93% from the stock's current price of $8.70.

WEBTOON Entertainment's quarterly earnings results, released on August 10th, showed a revenue of $338.47 million, down 2.8% year-over-year. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.07).

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