Ziff Davis price target lowered to $48 from $61 at Barclays

Barclays lowered the firm’s price target on Ziff Davis (ZD) to $48 from $61 and keeps an Equal Weight rating on the shares. The firm notes Ziff Davis is facing slowing organic growth and a mixed outlook in 2025, which is not unique among the legacy portal digital ad names with high brand exposure. At 5-turns EBITDA, shares look cheap, Barclays says, but negative organic growth likely continues for the foreseeable future, which may keep a lid on margins and valuation.