UBS analyst Doug Harter has revised Horizon Technology's (HRZN, Financial) stock price target from $9 to $8.25, maintaining a Neutral stance. This adjustment comes as part of a Q1 earnings preview for business development companies, where the spotlight will be on credit quality prospects amidst economic unpredictability.
Despite the sector's recent downturn potentially boosting valuations, lingering worries about credit issues and the impact of decreased short-term rates on earnings remain significant. The revised price targets reflect a downscaled outlook for returns on equity, driven by slowed loan growth and decreased target multiples due to heightened economic uncertainty.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Horizon Technology Finance Corp (HRZN, Financial) is $8.96 with a high estimate of $13.00 and a low estimate of $7.50. The average target implies an upside of 10.94% from the current price of $8.08. More detailed estimate data can be found on the Horizon Technology Finance Corp (HRZN) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Horizon Technology Finance Corp's (HRZN, Financial) average brokerage recommendation is currently 3.1, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
