Funko Inc (FNKO) Gets a Buy Rating from Merrill Lynch

Merrill Lynch analyst Rafe Jadrosich maintained a Buy rating on Funko Inc (FNKOResearch Report) on August 9 and set a price target of $29. The company’s shares closed last Monday at $23.80.

Jadrosich has an average return of 57.9% when recommending Funko Inc.

According to TipRanks.com, Jadrosich is ranked #256 out of 5239 analysts.

Funko Inc has an analyst consensus of Strong Buy, with a price target consensus of $28.40, representing a 21.1% upside. In a report issued on August 9, Piper Jaffray also maintained a Buy rating on the stock with a $30 price target.

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Funko Inc’s market cap is currently $711.4M and has a P/E ratio of 44.17. The company has a Price to Book ratio of 3.74.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock.

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Funko, Inc. engages in design, sourcing, and distribution of licensed pop culture product. Its product lines include media and entertainment content, which comprises movies, TV shows, video games, music, and sports. The company was founded in April 21, 2017 and is headquartered in Everett, WA.