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Del Mar Today
By the People, for the People
Southport Acquisition Shares Surge 6.1%
Analysts Weigh In on Whether to Buy the Stock
Published on Mar. 8, 2026
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Shares of Southport Acquisition Corp (NYSE:ANGX) jumped 6.1% on Friday, trading as high as $4.55. The company, which focuses on potential mergers and acquisitions in the financial software space, saw trading volume decline 39% from the average. Analysts have issued a range of ratings on the stock, from 'Strong Buy' to 'Sell', with a consensus 'Moderate Buy' and average price target of $8.25.
Why it matters
Southport Acquisition's stock price movement and analyst coverage provide insights into investor sentiment and the company's prospects as it seeks acquisition targets in the financial technology industry.
The details
Southport Acquisition Corp, a company focused on potential mergers and acquisitions in the financial software space, saw its shares surge 6.1% on Friday. The stock traded as high as $4.55 before closing at $4.53, with trading volume declining 39% from the average. Several analysts have weighed in on the company, with ratings ranging from 'Strong Buy' to 'Sell'. The consensus rating is 'Moderate Buy' with an average price target of $8.25.
- Southport Acquisition shares jumped 6.1% on Friday, March 8, 2026.
The players
Southport Acquisition Corp
A company focused on potential mergers and acquisitions in the financial software space, particularly in the mortgage and real estate verticals.
B. Riley Financial
An investment firm that started coverage on Southport Acquisition with a 'buy' rating and $7.00 price target.
Zacks Research
A research firm that upgraded Southport Acquisition to a 'hold' rating.
Oppenheimer
An investment firm that started coverage on Southport Acquisition with an 'outperform' rating and $8.00 price target.
Roth Mkm
An investment firm that began coverage on Southport Acquisition with a 'buy' rating and $9.00 price target.
Maxim Group
An investment firm that assumed coverage on Southport Acquisition with a 'buy' rating and $9.00 price target.
What they’re saying
“We must not let individuals continue to damage private property in San Francisco.”
— Robert Jenkins, San Francisco resident (San Francisco Chronicle)
“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”
— Gordon Edgar, grocery employee (Instagram)
The takeaway
Southport Acquisition's stock price movement and analyst coverage provide insights into investor sentiment and the company's prospects as it seeks acquisition targets in the financial technology industry. The range of ratings, from 'Strong Buy' to 'Sell', suggests the market is still evaluating the company's potential.
