B. Riley Lifts PT on Angel Studios (ANGX) – Here’s Why

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.

While we acknowledge the risk and potential of ANGX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ANGX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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