JPMorgan lowered the firm’s price target on Webtoon (WBTN) to $14 from $16 and keeps a Neutral rating on the shares. Despite continued strong share performance and select higher valuations, JPMorgan remains positive on the internet group into 2025, the analyst tells investors in a research note. The firm expects artificial intelligence to continue to dominate the investment narrative, but says the focus will shift more to agents and applications. JPMorgan expects AI-driven capex to increase as mega-caps move beyond some of the compute constraints of 2024, and increased 2025 capex for Meta (META), Alphabet (GOOGL), and Amazon (AMZN), all above consensus. The firm’s top picks for 2025 are Amazon, Meta, Alphabet, and Spotify (SPOT).
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on WBTN:
- WEBTOON Entertainment launches WEBTOON Shop
- WEBTOON Entertainment Inc. Reports Strong Q3 2024 Results
- Webtoon sees Q4 revenue $375M-$385M, consensus $375.92M
- Webtoon reports Q3 adjusted EPS 22c, consensus (42c)
- Webtoon price target lowered to $16 from $18 at Deutsche Bank
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
