Zedge Price Target Cut Amid Dividend and Buyback Plans

The Zedge (ZDGE) story is shifting with target cuts, buybacks, and dividends. Recent research keeps the core valuation view steady at a fair value estimate of 6.0, while making small tweaks to inputs. Analysts acknowledge management's active steps to reshape the portfolio, but cut price targets to mid US$30s, citing softer Q3 results, guidance toward the lower half of FY25, and uncertainty around divestitures.