Top Picks from B. Riley Securities Consumer & TMT Conference

B. Riley Securities has highlighted its top investment picks following its 9th Annual Consumer & TMT Conference in New York City. The conference featured management discussions with analysts from 45 public companies. Analysts selected stocks from attendees they believe have strong appreciation potential by year-end 2026.

Angel Studios (ANGX) is noted for its growing subscriber base, reaching 3 million as of mid-September, up over 90% year-over-year. The company anticipates reaching profitability earlier than expected, with an AEBITDA loss target of less than $25 million for 2026. With a current price target of $8, the stock offers a 50% return potential.

Backblaze (BLZE) operates as a storage provider in the growing AI ecosystem, with a focus on cloud storage services. The company has raised its full-year forecast and plans to significantly increase performance and capacity. It has also announced a $150 million convertible senior notes offering.

Cadre Holdings (CDRE) delivered a strong second-quarter beat-and-raise, with sales, AEBITDA, and earnings per share above estimates. The company's backlog hit a second consecutive record at $368 million. Despite trading at a low multiple of 10x fiscal year 2026E AEBITDA, the stock offers potential with a price target of $62.

Genius Sports (GENI) operates in the betting and media space, with a dual-pillar model. The company anticipates a strong second half, with high prices paid for advertising across its properties. The stock offers a price target of $10.50, reflecting a potential 50% return.

Intuitive Machines (LUNR) has secured over $300 million in bookings for the third quarter, with several potential awards expected by year-end. The company is on track for NASA's CLPS 2.0 IDIQ, a contract with a $10 billion base ceiling. It recently reported Q2 2026 revenue of $206.17 million, missing estimates but reaffirming its full-year revenue guidance.

PROG Holdings (PRG) has growth across all three business segments, with BNPL leading the growth. The company has returned to its targeted leverage level, with a large buyback program remaining. The stock offers a price target of $64.

Real REMAX (REAX) has begun executing on post-merger cost synergies, including monetization of approximately 1 million annual RE/MAX website leads. The stock is trading at 0.4x EV/revenue and 5.2x EV/adjusted EBITDA on fiscal year 2027 estimates.