Angel Studios initiated with a Buy at Lake Street

Lake Street analyst Ryan Meyers initiated coverage of Angel Studios (ANGX) with a Buy rating and $14 price target Consumers are increasingly seeking out content that reflects values and meaning and Angel Studios is “uniquely positioned to capitalize on this underserved market,” the analyst tells investors. Angel, which has built a content and distribution model that is different from the traditional entertainment standard, is uniquely positioned to capitalize on this underserved market as values-based entertainment evolves from niche to mainstream, the analyst argues.