Oppenheimer Begins Coverage on Southport Acquisition (NYSE:ANGX)

Equities research analysts at Oppenheimer started coverage on shares of Southport Acquisition (NYSE:ANGX) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $8.00 price target on the stock. Oppenheimer’s price target points to a potential upside of 50.38% from the company’s current price.

Other analysts have also recently issued reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Southport Acquisition in a report on Monday. Wall Street Zen lowered shares of Southport Acquisition to a “strong sell” rating in a report on Thursday, November 20th. Finally, Roth Capital started coverage on shares of Southport Acquisition in a research note on Tuesday. They set a “buy” rating and a $9.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Southport Acquisition presently has a consensus rating of “Hold” and a consensus price target of $8.50.

Southport Acquisition Stock Up 1.1%

NYSE ANGX opened at $5.32 on Thursday. Southport Acquisition has a fifty-two week low of $3.77 and a fifty-two week high of $20.39.

About Southport Acquisition

Southport Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or assets. It intends to identify business opportunities in the field of financial software space with a focus on mortgage and real estate verticals. The company was incorporated in 2021 and is based in Del Mar, California.