BUZZ-Webtoon Entertainment shares jump after strong quarterly results, Disney partnership
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Webtoon Entertainment shares surged nearly 29% to $12.06 following strong Q2 results that exceeded analyst expectations. The company announced a strategic partnership with Disney to develop comic content. J.P. Morgan raised its price target to $14 from $9 while maintaining a "neutral" stance, noting strong revenue growth momentum. The average rating from eight analysts is "buy" with a median price target of $11. Year-to-date, the stock is down 31%.
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