Angel Studios' Animated Film DAVID Earns $22 Million Opening Weekend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Record Opening: Angel Studios' animated musical DAVID achieved a remarkable $22 million at the domestic box office during its opening weekend, marking the company's best theatrical debut in history and showcasing its strong performance in the animation market.
- Faith-Based Breakthrough: The film has become the highest-grossing faith-based animated theatrical opening of all time, surpassing Angel's earlier release, The King of Kings, which highlights the growing demand for values-driven content.
- International Market Expansion: With DAVID set to release in over 42 international markets, Angel Studios is poised to enhance its global footprint, potentially attracting more family audiences and increasing brand recognition.
- Strategic Asset Acquisition: The acquisition of the DAVID franchise and intellectual property in partnership with 2521 Entertainment underscores Angel's long-term strategic focus on content creation, aiming to draw in more viewers through compelling storytelling.
ANGX
$4.97+Infinity%1D
Analyst Views on ANGX
Wall Street analysts forecast ANGX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ANGX is 14.00 USD with a low forecast of 14.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 5.390
Low
14.00
Averages
14.00
High
14.00
Current: 5.390
Low
14.00
Averages
14.00
High
14.00
About ANGX
Angel Studios, Inc. is a media and technology company. The Company is engaged in offering and producing its own films and series, distributing original films and series, releasing licensed films or shows, consulting with filmmakers, maintaining engagement with its existing users, conducting research and development to create new intellectual property, and devising new methods to monetize existing intellectual property. Its theatrical strategy combines Angel Guild’s predictive capabilities, which help the Company to decide what film and television projects the studio will market and distribute, and support the filmmakers who create films and series that amplify light. In addition, using its self-developed Theatrical Pay-it-Forward technology, the Company offers a community-based in-person cinema experience whereby, after experiencing a film in the theater, people have the opportunity to share that experience with others by purchasing tickets through the Angel App or on its Website.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
