Goldman Sachs analyst Eric Sheridan downgraded Webtoon to Neutral from Buy with a price target of $10, down from $15, following the Q4 report. The company's revenue guidance and 2026 commentary came in below expectations, with uncertainty remaining around the return to double-digit growth exiting 2026, the analyst tells investors in a research note. Goldman says it needs better visibility into the trajectory of Webtoon's sales trends and monetization before again recommending the shares.
