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BAML points to huge content year for Funko

Published 12/13/2018, 08:26 AM
Updated 12/13/2018, 08:26 AM
© Reuters.  BAML points to huge content year for Funko
  • Bank of America Merrill Lynch (NYSE:BAC) sees a huge content year coming up from Funko (NASDAQ:FNKO) in 2019.
  • "The stronger content schedule should create incremental licensing opportunities for Funko in both theatrical and TV, led by: (1) Star Wars Episode 9; (2) Frozen 2; (3) Avengers: Endgame; (4) Spiderman Sequel (Far From Home); (5) new Stranger Things season; (6) new Rick & Morty season (Funko has master toy license), (7) final season of Game of Thrones; and (8) new Disney live action movies (Lion King and Aladdin)," writes the BAML team.
  • "In video games, we expect another year of healthy growth driven by a full year of Fortnite (launched end of 3Q with strong initial sell-through in mass retailers like WMT & TGT) and continued momentum in Overwatch."
  • The firm has a Buy rating on Funko and price objective of $23 (+61% upside).
  • Now read: 2018 Turns Out To Be A Good Year For Toys In The U.S.


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