Why Funko Stock Popped 22% Today
Shares of toymaking company Funko (NASDAQ: FNKO) surged 21.7% through noon ET Friday after the company reported much-stronger-than-expected (read: "much-less-weak-than-expected") financial results yesterday evening.
Analysts had forecast that Funko would lose a staggering $0.92 per share on sales of only $235.6 million for its first quarter of 2023. As it turned out, the loss was bad but not that bad. Funko lost $0.49 per share, and its quarterly sales were $251.9 million.
That's the good news. Now here's the bad.
Source Fool.com
Funko Inc Stock
€8.38
4.830%
Our community is currently high on Funko Inc with 5 Buy predictions and 1 Sell predictions.
As a result the target price of 9 € shows a slightly positive potential of 7.42% compared to the current price of 8.38 € for Funko Inc.
