** Shares of digital comics firm Webtoon Entertainment WBTN.O plunge 26.4% to $12.38
** Several brokerages cut their PTs after WBTN's downbeat revenue forecast and Q3 revenue after market hours on Wednesday
** WBTN forecasts Q4 revenue between $330 mln and $340 mln, lower than analysts' estimates of $353.8 mln, according to data compiled by LSEG
** Co's Q3 revenue of $378.04 mln below estimates of $385.1 mln
** JP Morgan cuts PT to $13 from $22; says volatility in results and external challenges such as advertiser pullback in Korea and regulatory actions continue to limit near-term visibility
** "Management remains committed to investing to maintain webcomic leadership, but WBTN is a show-me story that requires solid execution" - JP Morgan
** Deutsche Bank cuts PT to $19 from $25
** Up to last close, stock had risen ~24% YTD
(Reporting by Arnav Mishra in Bengaluru)
((Arnav.Mishra@thomsonreuters.com;))