Angel Studios

ANGX · NYSE

$3.46−$0.07 (−1.98%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $3.53

ANGX analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $8.67 (+150.6% upside)

Low: $6.06
Now: $3.46
High: $10.50

Upgrades and downgrades

The latest rating actions, newest first

ANGX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
B. Riley Securities	Sep 18, 2026	Maintains	Buy	$8.00 → $9.00	59%
B. Riley Securities	Jun 30, 2026	Maintains	Buy	$7.00 → $8.00	59%
B. Riley Securities	Feb 25, 2026	Initiates	Buy	$7.00	59%
Maxim Group	Jan 22, 2026	Initiates	Buy	$9.00	43%
Roth Capital	Dec 16, 2025	Initiates	Buy	$9.00	69%

The case for and against

Updated Oct 18, 2026

Bull case

Angel Studios is supported by a differentiated, community-driven model that has already attracted 3M+ paying members, up 88% Y/Y, while still penetrating only a small slice of the 130M+ U.S. households and 90%+ SVOD market. The business is showing improving fundamentals through lower selling and marketing intensity at 51.9% of revenue YTD, positive 1H OCF of $18.8M, and a building cash position, while revenue is expected to rise to $515.5M in 2026 and $640.0M in 2027. Its content pipeline also appears to be expanding meaningfully, with about 1,500 titles today and a plan to double the title count in 2026, which should support continued Guild growth, retention, and monetization.

Bear case

Angel Studios is operating in a fiercely competitive and fast-changing video entertainment market, where rivals can quickly erode audience attention, creator relationships, and monetization. Its fundamentals also look weak because it has a long record of losses, including net losses of $14M in FY22 and $87M in FY24, and it reported net losses in every period prior to FY20. The negative outlook is further supported by recurring legal disputes, including breach-of-contract accusations in 2025 and 2023–2024, plus a 2016 Disney copyright suit that preceded Chapter 11 bankruptcy protection.

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