Sep. 17 at 10:15 PM
B. Riley Securities highlighted its top investment ideas following the firm’s 9th Annual Consumer & TMT Conference in New York, where management teams from 45 public companies met with analysts.
Angel Studios was rated Buy with an
$8 price target. The company’s guild membership reached 3 million in mid-September, up more than 90% year over year and above B. Riley’s third-quarter estimate of 2.85 million. A stronger second-half film lineup, including Young Washington and Zero A.D.: The Birth of Christ, has supported subscriber growth and retention.
B. Riley said Angel Studios is moving toward profitability faster than expected, targeting an adjusted EBITDA loss of no more than
$25 million in 2026, compared with a
$138.2 million loss last year. The stock trades at about 1.5x estimated 2027 revenue, while the firm’s
$8 target assumes a 2.5x multiple.
$ANGX