B. Riley analyst Drew Crum initiated coverage of Angel Studios (ANGX) with a Buy rating and $7 price target implying 100% potential upside. The firm says the company offers a “unique and disruptive” approach to the production and distribution of visual media. Angel targets an “underserved faith-based entertainment niche” as part of a broader content strategy within the fast-growing video streaming market, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANGX: