Alexander Paris, an analyst from Barrington, reiterated the Buy rating on SuRo Capital (SSSS – Research Report). The associated price target remains the same with $8.00.
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Alexander Paris has given his Buy rating due to a combination of factors. Firstly, SuRo Capital’s net asset value (NAV) per share of $6.66 aligns well with the company’s preliminary guidance, indicating stability and predictability in its financial performance. This NAV is supported by a diversified portfolio that includes significant investments in high-growth sectors such as AI Infrastructure & Applications and Software-as-a-Service, which together represent a substantial portion of the portfolio’s value.
Moreover, SuRo Capital’s strategic focus on emerging private companies, particularly those with potential for public offerings, positions it advantageously in the market. The company’s top investments, including stakes in OpenAI and ServiceTitan, are in sectors poised for growth, enhancing the potential for future returns. This strategic positioning, combined with a disciplined investment approach, underpins Paris’s confidence in SuRo Capital’s ability to deliver value to its shareholders, justifying the Buy rating.