Funko price target raised to $15 from $13 at B. Riley

B. Riley raised the firm’s price target on Funko to $15 from $13 and keeps a Buy rating on the shares. After having hosted a two-day Canadian non-deal roadshow with the company’s CFO, the firm came away with increased optimism for accelerating sales growth and margin expansion in 2025 and beyond, the analyst tells investors. In addition, the firm expects a sales tailwind from 2025 box office growth.