SuRo Capital price target raised to $6.50 from $6 at BTIG

TipRanks

Wed, Dec 4, 2024, 5:20 AM 1 min read

BTIG raised the firm’s price target on SuRo Capital (SSSS) to $6.50 from $6 and keeps a Buy rating on the shares as part of a broader research note previewing 2025 for the e-commerce sector. Heading into next year, it is a “virtual certainty” that government policy will be a major factor for the market, and the firm is of the opinion that the incoming administration will pursue policies that will be a net positive for consumers, the analyst tells investors in a research note. BTIG adds that the combination of SuRo shares trading at a 21% discount to net asset value with the upside of further portfolio appreciation is a “compelling” risk-reward profile.