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Top Ships ( (TOPS) ) just unveiled an update.
On December 31, 2025, TOP Ships Inc. announced it has entered into a sale agreement with Rubico Inc. for the shares of a vessel-owning company that holds a shipbuilding contract for a newbuilding mega yacht, the M/Y Sanlorenzo 1150Exp, for a purchase price of $38 million. The transaction, covering a yacht scheduled for delivery in the second quarter of 2027, is expected to close no later than March 31, 2026 and was negotiated and approved by a special independent committee of TOP Ships’ board after receiving a fairness opinion from an independent financial advisor, underscoring governance safeguards around what appears to be a non-core asset sale that may help the tanker-focused owner streamline its portfolio and redeploy capital toward its core shipping operations.
The most recent analyst rating on (TOPS) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on Top Ships stock, see the TOPS Stock Forecast page.
Spark’s Take on TOPS Stock
According to Spark, TipRanks’ AI Analyst, TOPS is a Neutral.
Top Ships’ overall stock score is driven primarily by its undervalued P/E ratio, indicating potential value for investors. The technical analysis supports a stable outlook with positive short-term trends. However, financial performance is moderate, with high leverage and declining net profit margins posing risks. The absence of earnings call data and corporate events means these factors do not influence the score.
To see Spark’s full report on TOPS stock, click here.
More about Top Ships
TOP Ships Inc. is an international owner and operator of ocean-going vessels, focused on modern, fuel-efficient “ECO” tanker ships that transport crude oil, petroleum products (both clean and dirty) and bulk liquid chemicals, primarily serving the global seaborne energy and chemicals trade.
Average Trading Volume: 15,480
Technical Sentiment Signal: Strong Sell
Current Market Cap: $21.88M
See more insights into TOPS stock on TipRanks’ Stock Analysis page.