Roth/MKM Starts Angel Studios Inc. (ANGX) at Buy

Roth/MKM analyst Eric Handler initiates coverage on Angel Studios Inc. (NYSE: ANGX) with a Buy rating and a price target of $9.00.

The analyst comments: "We view Angel Studios as an attractive, emerging growth media platform. The company's focus on values-driven content taps into a sizable and underserved market. A unique business model has also been created that empowers members with the ability to approve all content while maintaining an asset light approach to content acquisition through shared profit participation. Over the next three years, we project Angel Guild membership and total company revenue will scale at a 30%+ CAGR to 4.3mn members and >$700mn, respectively, by the end of 2028."

For an analyst ratings summary and ratings history on Angel Studios Inc. click here. For more ratings news on Angel Studios Inc. click here.

Shares of Angel Studios Inc. closed at $5.07 yesterday.

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