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Funko initiated with a Buy at Texas Capital

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.

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