The Goldman Sachs Group Begins Coverage on WEBTOON Entertainment (NASDAQ:WBTN)

The Goldman Sachs Group initiated coverage on shares of WEBTOON Entertainment (NASDAQ:WBTN) in a research note released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $62.00 target price on the stock.

A number of other research analysts also recently weighed in on the company. Evercore ISI began coverage on WEBTOON Entertainment in a research note on Monday. They issued an outperform rating and a $30.00 price target on the stock. Morgan Stanley initiated coverage on shares of WEBTOON Entertainment in a research note on Monday. They issued an equal weight rating and a $23.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of WEBTOON Entertainment in a research report on Monday. They set a buy rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $32.60.

WEBTOON Entertainment Stock Up 0.3 %

Shares of NASDAQ:WBTN opened at $20.95 on Monday. WEBTOON Entertainment has a twelve month low of $19.48 and a twelve month high of $25.66.

WEBTOON Entertainment Company Profile

Our Vision To be the world’s storytelling technology platform empowering creation by anyone, for everyone. WEBTOON is a global storytelling platform where a vibrant community of creators and users discover, create and share new content. We have pioneered a cultural movement by revolutionizing the storytelling format and democratizing content creation and publication.