SuRo Capital’s Growth Potential and Strategic Investments Drive Buy Rating

Alexander Paris, an analyst from Barrington, reiterated the Buy rating on SuRo Capital (SSSS – Research Report). The associated price target was raised to $9.00.

Alexander Paris has given his Buy rating due to a combination of factors that highlight SuRo Capital’s potential for growth and value appreciation. The company has shown resilience despite challenging market conditions, with its net asset value (NAV) remaining relatively stable even as major indices experienced declines. SuRo Capital’s strategic investments in high-growth sectors, such as technology and cloud computing, are poised to benefit from a recovering IPO environment, particularly with the successful IPO of CoreWeave, which significantly boosted the company’s NAV.
Paris also notes the potential for future monetization events within SuRo Capital’s portfolio, which could further enhance its NAV and shareholder returns. The company’s pipeline of pre-IPO businesses is the largest in its history, suggesting a strong outlook for future growth. With SuRo Capital trading at a discount to the forecasted year-end NAV, Paris sees an opportunity for approximately 22% upside, leading to the reiteration of the OUTPERFORM rating and an increased price target of $9.

In another report released on May 22, BTIG also reiterated a Buy rating on the stock with a $7.00 price target.