Hercules Capital price target raised to $24 from $22 at Citizens JMP

Citizens JMP analyst Devin Ryan raised the firm’s price target on Hercules Capital (HTGC) to $24 from $22 and keeps an Outperform rating on the shares following the earnings report. Best in class fundamentals and scaling RIA have created a “unique” buying opportunity in Hercules Capital, the analyst tells investors in a research note. The firm sees a strong trajectory for Hercules to appreciate back to the low-to-mid $20s over the next several quarters.