Funko price target lowered to $13 from $16 at DA Davidson

DA Davidson lowered the firm’s price target on Funko (FNKO) to $13 from $16 but keeps a Buy rating on the shares. The company reported a Q4 earnings beat, but guided 2025 below the Street due to 20% tariffs on China goods, with retaliatory tariffs on Vietnamese goods representing further downside, the analyst tells investors in a research note. Guidance for Q1 was also significantly below consensus, though Funko’s international sales are growing consistently and marketing practices are being migrated to the U.S., the firm added.