#2 - Funko (NASDAQ:FNKO)
Sticking with the toymaker things brings us to Funko (NASDAQ:FNKO). The company is known for its signature toys that feature enormous heads. Over the company’s 20-year history they have made Harry Potter, Marvel, and Disney editions. In the spirit of Toy Story 2 collectors have been willing to pay thousands of dollars for boxed Funko toys on the resale market.
So it’s not a leap to suggest that the company would draw attention to entering the NFT market as the company did in early 2021. Funko released its first NFT pack, Digital Pop, in August 2021. However, although the stock did get a brief lift, it’s been trading in a narrow range ever since. Nevertheless, the consensus price target gives FNKO stock an upside of over 20% and this looks like a smart play for patient investors who are trying to get into the early stages of the NFT market.
About Funko
Funko, Inc, a pop culture consumer products company, designs, sources, and distributes licensed pop culture products in the United States, Europe, and internationally. The company provides media and entertainment content, including movies, television (TV) shows, video games, music, and sports; figures, handbags, backpacks, wallets, apparel, accessories, plush products, homewares, and digital non-fungible tokens; and art prints and vinyl records, posters, soundtracks, toys, books, games, and other collectibles.
Read More - Current Price
- $8.48
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 2 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $9.08 (7.1% Upside)
