Webtoon Targets $15 Price, 41% Upside and March Investor Conferences
Evercore ISI analyst Mark Mahaney set a $15 price target for Webtoon, implying 41.11% upside from its $10.63 level. The stock trades around $10.56 and Webtoon will present at Morgan Stanley TMT, Deutsche Bank Media & Telecom and Bernstein Internet & AI conferences this month.
1. Price Target Upgrade
On March 4, Evercore ISI analyst Mark Mahaney raised Webtoon’s price target to $15, signaling a 41.11% potential gain from its $10.63 closing level. The increase reflects confidence in the company’s expanding user base and licensing agreements across global markets.
2. Recent Trading Performance
Webtoon shares currently trade near $10.56, down 8.34% intraday with a trading range of $9.34 to $10.92. Over the last 12 months, the stock swung between $6.75 and $22.47, and the company’s market capitalization stands at approximately $1.41 billion.
3. Scheduled Investor Conferences
Webtoon will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 5 in San Francisco, followed by the Deutsche Bank 34th Annual Media, Internet and Telecom Conference on March 10 in Palm Beach. The company will also present at the Bernstein Internet & AI Conference on March 26 in Hong Kong, offering live webcasts for stakeholders.