BTIG Maintains Buy Rating on SuRo Capital with $10 Price Target

BTIG analyst Marvin Fong maintains a Buy rating on SuRo Capital (SSSS) with a price target of $10.00. The analyst has an average return of -1.4% and a 41.54% success rate on recommended stocks. SuRo Capital has a Moderate Buy analyst consensus and a price target consensus of $8.00.

BTIG has revised its price target for SuRo Capital Corp. (NASDAQ: SSSS) to $10.00, up from $7.00, while maintaining a Buy rating on the stock. This move comes after SuRo's portfolio companies, particularly CoreWeave (CRWV), have shown significant appreciation in value. CoreWeave's shares have risen approximately 200% since the first-quarter 2025 results were reported, contributing to SuRo's impressive 108% return over the past year [1].

BTIG estimates SuRo's mark-to-market net asset value (NAV) at nearly $11 per share, suggesting the stock is trading at approximately a 25% discount to NAV. The analyst firm's new price target is based on a roughly 10% discount to this mark-to-market NAV. SuRo Capital maintains strong liquidity with a current ratio of 10.91, indicating ample coverage of short-term obligations [1].

SuRo's strategic focus remains on AI and AI-adjacent investments. The company recently reported a slight decrease in its NAV for the first quarter of 2025, with the NAV standing at $156.8 million, or $6.66 per share, down from $6.68 per share at the end of the previous year [1]. SuRo anticipates substantial revenue growth for OpenAI, one of its key investments, with projections reaching $13 billion in 2025 and $174 billion by 2030. Additionally, CoreWeave completed a major IPO, raising $1.5 billion at a valuation of approximately $23 billion [1].

SuRo Capital's stock has shown notable volatility and momentum potential, with a beta of 1.81. The company's shares are currently trading at $8.21, up from the previous price target of $7.00. Despite market volatility, SuRo Capital remains committed to leveraging opportunities in AI, aiming to deliver long-term value for its stakeholders.

References:
[1] https://www.investing.com/news/analyst-ratings/suro-capital-stock-price-target-raised-to-10-from-7-at-btig-on-ai-portfolio-gains-93CH-4119019
[2] https://finance.yahoo.com/quote/SSSS/