Texas Capital analyst Eric Wold initiated coverage of Funko (FNKO) with a Buy rating and $8 price target Uncertain discretionary consumer spending trends and tariffs on imported products from China has driven a roughly 70% year-to-date decline in the shares, but the firm believes the current valuation “more than discounts those risks and does not reflect multiple opportunities to the upside,” the analyst tells investors. A rebound in Hollywood-driven box office revenues should boost new content demand, while the firm believes recently-implemented tariff mitigation strategies could “actually position the company for stronger margins and earnings heading into 2026,” the firm added.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNKO:
- “Freebies, Discounts and Sweepstakes” Help Keep Disney+ Subscribers; Disney Stock (NYSE:DIS) Notches Up
- Closing Bell Movers: Exelixis up 6% on earnings beat
- Goldman upgrades Funko to Neutral after positive updates on trade and tariffs
- Funko upgraded to Neutral from Sell at Goldman Sachs
- Funko Inc. Earnings Call: Growth Amid Challenges
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue