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Morgan Stanley Reaffirms Their Hold Rating on WEBTOON Entertainment Inc (WBTN)

Tipranks - Tipranks - Wed Jan 14, 7:44AM CST

In a report released today, Matthew Cost from Morgan Stanley maintained a Hold rating on WEBTOON Entertainment Inc, with a price target of $11.00.

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Cost covers the Communication Services sector, focusing on stocks such as Roblox, Take-Two, and Electronic Arts. According to TipRanks, Cost has an average return of 8.4% and a 57.73% success rate on recommended stocks.

WEBTOON Entertainment Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.67.

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Based on WEBTOON Entertainment Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $378.04 million and a GAAP net loss of $11.65 million. In comparison, last year the company earned a revenue of $347.92 million and had a net profit of $19.75 million

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