Oppenheimer lowered the firm's price target on Horizon Technology to $6 from $7 and keeps a Perform rating on the shares. The firm notes that in Q4, Horizon earned 20c/share as it generated net gains of $0.6M. In FY25 Horizon lost 13c/share as it generated net losses of $47.1M, or $1.18/share, from unrealized losses. Oppenheimer estimates it earns 85c/share and 81c/share in 2026 and 2027, respectively, for ROEs of 12.3% and 11.8%. Estimates reflect updated guidance, it adds.
