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Funko

Long Trade in FNKOFunko took a beating in last year’s bear market, but the stock is quickly coming back to life. FNKO surged on earnings last week and has given back almost none of the initial move. Shares are barely retracing and doing so on minimal volume – a sign that no one is selling. This trade is pretty simple – draw a trend line and buy when it breaks above it. I forgot to publish this on Friday, but Monday's action is pretty much exactly what I was hoping to see. A good breakout should not retrace to the low of this consolidation (currently 10.74), so you could take a stab at this one with very little risk.
NASDAQ:FNKOLong
by rossgivens
Pip Sandler research firm upgraded Funko's stockAnalyst Erinn Murphy from Pip Sandler research firm upgraded Funko's stock from Neutral to Overweight with a price target lifted from $6 to $12. chat with the company's president, CFO and head of IR led to the firm switching to a bullish tone. Specifically, the management team expects to show modest growth in the U.S. business in the fourth quarter while gross margin concerns at other competitors aren't an issue at Funko. Management is expected to release a "good amount" of new content for next year with a focus on recent hit content like "Queen's Gambit," "WandaVision," among others, the analyst wrote in a note. More importantly, Piper Sandler's checks point to signs of success with the recent launch of Snapsies at 800 Target (NYSE: TGT) stores along with an expansion of board games and accelerated digital efforts. finance.yahoo.com
NASDAQ:FNKOLong
by AlenCiken