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
€2.97
-1.330%
Currently there is a rather positive sentiment for Funko Inc with 3 Buy predictions and 0 Sell predictions.
With a target price of 6 € there is potential for a 101.75% increase which would mean more than doubling the current price of 2.97 € for Funko Inc.
