Maxim Group Lowers Horizon Tech Finance Price Target to $7.50, Maintains 'Buy' Rating

Maxim Group analyst Michael Diana lowered Horizon Tech Finance's (HRZN) price target from $10.00 to $7.50, a 25% decrease. Diana maintains a "Buy" rating. The average one-year price target for HRZN is $7.21, with a high estimate of $10.00 and a low estimate of $6.00. The average target implies a 0.15% downside from the current price of $7.23.

Maxim Group analyst Michael Diana has revised the price target for Horizon Technology Finance (HRZN) to $7.50 from $10.00, a 25% decrease. Despite this adjustment, Diana maintains a "Buy" rating on the shares [1]. The average one-year price target for HRZN is $7.21, with estimates ranging from $6.00 to $10.00. The average target implies a 0.15% downside from the current price of $7.23.

The adjustment reflects recent market sentiment and the ongoing investigation into the proposed merger between Horizon Technology Finance Corporation and Monroe Capital Corporation. Halper Sadeh LLC has initiated an investigation to determine whether the merger is fair to shareholders and if federal securities laws and fiduciary duties were adhered to [2].

The company's Q2 results saw net interest income come in below its current dividend payout, though even a dividend cut would not change the firm’s positive view of its prospects, Diana tells investors in a research note [1]. The company's latest quarterly earnings report showed adjusted earnings per share (EPS) of 28 cents, meeting analysts' expectations but reporting a quarterly loss of $20.78 million and a decline in revenue by 4.5% to $24.52 million compared to the previous year [2].

Horizon Technology Finance continues to face scrutiny and market volatility. The company's stock has been volatile, rising by 2.9% in the quarter but losing 17.6% year-to-date. The company's recent dividend payout of $0.11 per share, with a yield of 18.3%, indicates its commitment to shareholder returns. However, the company's negative net margin and high beta suggest it faces significant financial risks [3].

Institutional investors have also been active in Horizon Technology Finance. Marshall Wace LLP, Green Alpha Advisors LLC, TrueMark Investments LLC, International Assets Investment Management LLC, and Jane Street Group LLC have recently increased their stakes in the company [3].

Investors should closely monitor the ongoing investigation and the company's financial performance to make informed decisions. The company's future prospects depend on its ability to navigate the merger investigation and maintain its focus on growth in its target industries.

References:
[1] https://www.tipranks.com/news/the-fly/horizon-technology-price-target-lowered-to-7-50-from-10-at-maxim-thefly
[2] https://www.ainvest.com/news/horizon-technology-maxim-group-maintains-buy-pt-7-5-10-2508/
[3] https://www.marketbeat.com/instant-alerts/horizon-technology-finance-corporation-declares-monthly-dividend-of-011-nasdaqhrzn-2025-08-12/