Why Funko Stock Rocketed Higher on Thursday

Shares of Funko (NASDAQ: FNKO) surged on Thursday, climbing as much as 15.2%. As of 1:23 p.m. ET, the stock was still up 12.3%

The catalyst that sent the pop culture toy and accessory maker higher was bullish commentary by a Wall Street analyst.

J.P. Morgan analyst Megan Alexander upgraded Funko stock to overweight (buy) from neutral (hold), while also boosting the investment bank's price target to $28, up from $25. That represents potential upside for investors of 25%, compared to Wednesday's closing price.

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Source Fool.com