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Funko, Inc. (FNKO)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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24.16+0.50 (+2.11%)
At close: 04:00PM EDT
24.40 +0.24 (+0.99%)
Pre-Market: 09:06AM EDT
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    The catalyst that sent the pop culture toy and accessory maker higher was bullish commentary by a Wall Street analyst. J.P. Morgan analyst Megan Alexander upgraded Funko stock to overweight (buy) from neutral (hold), while also boosting the investment bank's price target to $28, up from $25. The analyst believes investors have yet to fully appreciate the strength of Funko's sales rebound, led by the company's "stable of evergreen properties," which will act as a "consistent ballast to the business," particularly in a recessionary environment.