Maxim starts Angel Studios at Buy on strong position for legacy media disrupt

As previously reported, Maxim analyst Thomas Forte initiated coverage of Angel Studios (ANGX) with a Buy rating and $9 price target The company looks well-positioned to disrupt the legacy media and subscription video-on-demand categories due to its proprietary curation model of which subscribers determine which content is showcased on its platform, the analyst tells investors in a research note. Angel shares also currently trade at an enterprise value to expected revenue multiple of 1.7-times the firm’s 2026 estimate, a discount to the peer median of 2.4-times, Maxim added.