Hercules Capital price target raised to $23 from $22 at Piper Sandler

Piper Sandler raised the firm’s price target on Hercules Capital (HTGC) to $23 from $22 and keeps an Overweight rating on the shares. The firm notes Hercules posted a largely in-line quarter, but activity picked up and the company is positive on prospects into 2025. Piper views the results as solid in the current environment and expects the company to benefit from more M&A and capital markets activity in the quarters ahead.