Funko, Inc. (FNKO) Earns Buy Rating from Analysts at Goldman Sachs Group Inc
Equities research analysts at Goldman Sachs Group Inc assumed coverage on shares of Funko, Inc. (NASDAQ:FNKO) in a note issued to investors on Monday. The brokerage set a “buy” rating and a $16.00 price target on the stock. Goldman Sachs Group Inc’s target price indicates a potential upside of 95.12% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. J P Morgan Chase & Co initiated coverage on shares of Funko in a research report on Monday. They set an “overweight” rating and a $14.00 price target for the company. Jefferies Group LLC initiated coverage on shares of Funko in a research report on Monday. They set a “buy” rating and a $13.00 price target for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $12.38.
Shares of Funko (FNKO) traded up $0.08 during midday trading on Monday, reaching $8.20. 275,300 shares of the company were exchanged, compared to its average volume of 665,343. Funko has a one year low of $6.93 and a one year high of $8.60.
In other news, Director Charles D. Denson acquired 13,300 shares of Funko stock in a transaction on Monday, November 6th. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $159,600.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.
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Funko, Inc is a pop culture consumer products company. The Company is engaged in selling a broad range of pop culture consumer products, featuring characters from a range of media and entertainment content, including movies, TV shows, video games, music and sports. Its products combine its proprietary brands and designs into properties it licenses from content providers.
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