Why has FNKO share price been rising?

Funko's share price has been rising due to a combination of internal company developments and external market factors:

1. Company Developments: Funko has been expanding its product lines, including the launch of new brands like Loungefly and the creation of NFTs. This diversification into new markets and products can attract investor interest and potentially increase the company's valuation.
2. Analyst Ratings and Price Targets: B. Riley Securities increased its price target for Funko from $13.00 to $15.00, and other analysts have also set high price targets, indicating potential upside and positive sentiment.
3. Stock Performance: Funko's stock has shown strong performance recently, with a 52-week high reached on September 13, 2024, and a month-on-month increase of 23.00%. This positive momentum can attract investors and potentially drive the share price up.
4. Industry Trends: The broader entertainment and media industry, in which Funko operates, can influence investor sentiment and market valuation. For example, the success of streaming services and the growth of the gaming industry can benefit companies like Funko that produce licensed products.

In conclusion, the rise in Funko's share price is likely due to a combination of internal company developments, positive analyst ratings and price targets, strong stock performance, and favorable industry trends. These factors together create a favorable environment for the company's stock to increase in value.