12 Best Strong Buy Penny Stocks to Invest In Now 

8. Angel Studios, Inc. (NYSE:ANGX)

Number of Hedge Fund Holders: 10

Angel Studios, Inc. (NYSE:ANGX) is one of the best strong buy penny stocks to invest in now. B. Riley lifted the price target on Angel Studios, Inc. (NYSE:ANGX) to $8 from $7 on June 30 and maintained a Buy rating on the shares. The firm raised the company’s near-term estimates, citing higher fiscal Q2 paying Guild members. It further told investors in a research note that Angel Studios, Inc. (NYSE:ANGX) is “on the brink” of a better film slate, with Young Washington scheduled to debut in theaters later this week, serving as a possible catalyst. The firm added that it also thinks of Comcast’s announcement to split its media and connectivity businesses as a “nod to the value of (moving towards) pure play status,” like Angel Studios, Inc. (NYSE:ANGX).

For reference, in its financial results for fiscal Q1 2026, Angel Studios, Inc. (NYSE:ANGX) reported that revenue for the quarter rose 143% year-over-year to $115.1 million, compared to $47.4 million in the first quarter of 2025.

Angel Studios, Inc. (NYSE:ANGX) is a values-based distribution company for stories that amplify light to mainstream audiences.

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