Runway Growth(RWAY) Soars 5.09% on Analyst Upgrade

Runway Growth(RWAY) shares surged by 5.09% today, marking a significant rebound despite an intraday decline of 3.36% earlier in the session.

Compass Point analyst Casey Alexander recently increased the firm's price target for Runway Growth Finance from $11.50 to $12. This upward revision reflects a more optimistic outlook on the company's future performance, potentially driving investor interest and contributing to the stock's recent gains.

Additionally, the company announced a decrease in its dividend by $0.37 on Thursday, March 20, 2025. This move could impact investor sentiment, as dividends are a key factor for many shareholders. However, the overall market reaction suggests that investors may be focusing more on the company's growth prospects rather than the dividend reduction.