Analyst Alexander Paris of Barrington reiterated a Buy rating on SuRo Capital (SSSS – Research Report), retaining the price target of $8.00.
Alexander Paris has given his Buy rating due to a combination of factors that highlight SuRo Capital’s strategic positioning and investment potential. The company’s net asset value (NAV) for the fourth quarter was in line with expectations, indicating stable financial performance. Despite a slight year-over-year decline in NAV, the company’s portfolio remains robust, with significant investments in high-growth sectors such as AI Infrastructure and Applications, and Software-as-a-Service.
SuRo Capital’s diverse portfolio, which includes stakes in promising companies like CoreWeave and OpenAI, accounts for a substantial portion of its total portfolio value. The company’s focus on high-growth, venture-backed private companies positions it well for future gains. Additionally, the target price set at $8.00 suggests a potential upside from the current market price, reinforcing the Buy recommendation. Overall, the combination of a strong portfolio and strategic investment themes supports the positive outlook for SuRo Capital’s stock.
In another report released today, JMP Securities also reiterated a Buy rating on the stock with a $8.00 price target.
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