Fluent initiated with a Buy at Lake Street

Lake Street initiated coverage of Fluent (FLNT) with a Buy rating and $5 price target Fluent is “an example of a growing, new service being hidden from the eye of the casual observer by the decline of a legacy business,” says the analyst, who expects “share ownership to be a lot more fun by Q4’26,” when the firm expects consolidated revenue returns to double-digit growth and net income “flips positive.”