Funko shares are trading higher after B. Riley Securities initiated coverage on the stock with a Buy rating and $10 price target.
Portfolio Pulse from Benzinga Newsdesk
Funko's stock price increased following B. Riley Securities initiating coverage with a Buy rating and a $10 price target.
April 10, 2024 | 11:22 am
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Funko's stock price is likely to experience a short-term increase following the Buy rating and $10 price target from B. Riley Securities.
Analyst ratings, especially those initiating coverage with a Buy rating, can significantly influence investor sentiment and stock prices. The $10 price target suggests a positive outlook on Funko's future performance, likely leading to increased investor interest and a short-term price increase.
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