Funko Is A 'Buy' On This Weakness, Says This Analyst


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


  • DA Davidson analyst Linda Bolton Weiser reiterated its Buy rating on Funko Inc (NASDAQ:FNKO) and lowered the price target to $48 from $50.
  • The analyst said the company had reported a bigger-than-expected gross margin decline in 2Q22.
  • Weiser said Funko’s new product launches, expanded NFT offerings, and distribution gains abroad should make it fairly resilient in a recession.
  • The company reported a 640 basis points decline in 2Q gross margin to 32.7%.
  • Price Action: FNKO shares are trading lower by 18% at $21.88 on the last check Friday.

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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Posted In: Analyst ColorEarningsNewsPrice TargetReiterationSmall CapAnalyst RatingsMoversTrading IdeasBriefs