SuRo Capital: JMP Securities raises PT to $10, maintains Market Outperform rating.

SuRo Capital: JMP Securities raises PT to $10, maintains Market Outperform rating.

JMP Securities has raised its price target for SuRo Capital Corp. (NASDAQ: SSSS) to $10.00, maintaining a Market Outperform rating. This move reflects the firm's optimism about the company's robust liquidity and strong focus on AI infrastructure and AI-adjacent investments [1].

SuRo Capital reported a slight decrease in its Net Asset Value (NAV) for the first quarter of 2025, with a NAV of $156.8 million or $6.66 per share, down from $6.68 per share at the end of the previous year. Despite this decrease, the company's NAV remains strong, and its portfolio companies have shown significant appreciation in value [1]. Notably, CoreWeave, SuRo’s top holding, has seen its shares rise approximately 200% since the first-quarter report, contributing to a $67 million increase in value [1]. Additionally, another portfolio company, VAST Data, is reportedly raising funds at a $25 billion valuation, substantially higher than the initial investment valuation [1].

JMP Securities estimates SuRo’s mark-to-market NAV at nearly $11 per share, indicating the stock is trading at a discount to NAV. The firm's new price target is based on a roughly 10% discount to mark-to-market NAV [1]. This adjustment reflects the firm's belief in SuRo Capital's potential for growth and the value of its portfolio companies.

In other recent news, Citizens JMP has raised its price target on Shutter Rock Capital Corp. (NASDAQ: SSSS) to $10.00 from $8.00 while maintaining a Market Outperform rating. The stock, currently trading at $8.42, has demonstrated remarkable momentum with a 113.71% return over the past year [2]. Citizens JMP sees a path for shares to reach at least $10 per share in the coming quarters, with an estimated total return opportunity of approximately 45% from current levels [2].

These moves by JMP Securities underscore the firm's confidence in the growth prospects of both SuRo Capital and Shutter Rock Capital. As the AI sector continues to evolve, investors should closely monitor these companies' performance and the analysts' ratings for potential investment opportunities.

References:
[1] https://www.investing.com/news/analyst-ratings/citizens-jmp-raises-shutter-rock-capital-stock-price-target-to-10-from-8-93CH-4137138
[2] https://www.ainvest.com/news/citizens-jmp-reiterates-buy-rating-asana-22-target-price-2507/