Clear Street Reaffirms Buy Rating on Sound Point Meridian Capital, Inc. Stock, Adjusts Price Target to $18

Written by Emily J. Thompson, Senior Investment Analyst

Source: Benzinga

Updated: Nov 28 2025

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SPMC-0.67%

Should l Buy SPMC?

Source: Benzinga

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Analyst Views on SPMC

Wall Street analysts forecast SPMC stock price to rise

4 Analyst Rating

3 Buy

1 Hold

0 Sell

Strong Buy

Current: 8.990

Low

16.00

Averages

17.50

High

18.50

Current: 8.990

Low

16.00

Averages

17.50

High

18.50

B. Riley

Timothy D'Agostino

Neutral

downgrade

$12 -> $10

2026-03-16

Reason

B. Riley

Timothy D'Agostino

Price Target

$12 -> $10

AI Analysis

2026-03-16

downgrade

Neutral

Reason

B. Riley analyst Timothy D'Agostino lowered the firm's price target on Sound Point Meridian Capital to $10 from $12 and keeps a Neutral rating on the shares. The firm cites continuous portfolio spread and NAV compression for the price target reduction. Although a longer-term recovery toward NAV remains plausible, shares are expected to trade at a discount through 2026 due to portfolio performance uncertainty amid heightened market volatility, and NAVs may face continued pressure over the next year, with potential spread compression weighing on earnings and leaving dividend levels uncertain, the analyst tells investors in a research note.

Clear Street

Buy

downgrade

$18 -> $14

2026-02-12

Reason

Clear Street

Price Target

$18 -> $14

2026-02-12

downgrade

Buy

Reason

Clear Street lowered the firm's price target on Sound Point Meridian Capital to $14 from $18 and keeps a Buy rating on the shares following fiscal Q3 results that "reflect a challenging operating environment." The firm is reducing its price target to reflect net asset value pressure and the lower dividend.

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About SPMC

Sound Point Meridian Capital, Inc. is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objective is to generate high current income, with a secondary objective to generate capital appreciation. It seeks to achieve its investment objectives by investing primarily in third-party collateralized loan obligations (CLO) equity and mezzanine tranches of predominately United States dollar denominated CLOs backed by corporate leveraged loans issued primarily to United States obligors. It may also invest in other securities and instruments including, among other investments, junior debt tranches of CLOs and loan accumulation facilities. The Company is externally managed and advised by Sound Point Meridian Management Company, LLC.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

SOUND POINT MERIDIAN CAPITAL INC PROJECTS NAV PER SHARE RANGING FROM $10.43 TO $10.53 AS OF FEBRUARY 28, 2026 - SEC FILING

Mar 10 2026moomoo

NAV Per Share Estimates: The estimated NAV per share ranges between $10.43 and $10.53 as of February 28, 2026.
SEC Filing: This information is part of a filing with the SEC, indicating regulatory compliance and transparency.

Sound Point Meridian Capital Releases Q3 Financial Results

Feb 11 2026seekingalpha

Loss Per Share: Sound Point Meridian Capital reported a GAAP EPS of -$2.14 for Q3, indicating significant financial pressure in the current market environment, which may negatively impact investor confidence and stock performance.
Net Asset Value: As of December 31, 2025, the net asset value per share of common stock stood at $14.02, reflecting the overall health of the company's assets, yet contrasting sharply with the negative EPS, potentially raising concerns about future profitability.
Investment Income: The company reported net investment income of $9.0 million, or $0.44 per share, with total investment income reaching $18.0 million; however, $9.0 million in expenses weakened overall profitability, highlighting challenges in cost management.
Investment Losses: Realized investment losses amounted to $1.1 million, or $0.05 per share, while unrealized losses reached $51.8 million, or $2.53 per share, indicating significant challenges in portfolio management that may affect future capital allocation strategies.

Sound Point Meridian Capital Schedules Q3 Earnings Call

Jan 28 2026Newsfilter

Earnings Release Schedule: Sound Point Meridian Capital plans to release its financial results for the third fiscal quarter ended December 31, 2025, prior to the stock market opening on February 11, 2026, enhancing transparency for investors.
Conference Call Timing: The company will hold a conference call at 11:00 a.m. ET on February 11, 2026, inviting all interested parties to participate, thereby fostering communication with investors.
Participation Details: Participants are advised to dial in five minutes before the start time and provide the conference ID for smooth access, ensuring timely and accurate information dissemination.
Webcast and Replay: The call will be simultaneously webcast, and an online archive will be available post-call, allowing investors who cannot attend live to access key information, thus enhancing engagement with the investor community.

Clear Street Upholds Buy Rating for Sound Point Meridian Capital (SPMC)

Nov 29 2025NASDAQ.COM

Analyst Recommendation: Clear Street has maintained a Buy recommendation for Sound Point Meridian Capital (NYSE:SPMC) as of November 28, 2025, with an average one-year price target of $20.30/share, indicating a potential upside of 33.72% from its current price of $15.18/share.
Fund Sentiment: There are 14 funds reporting positions in SPMC, with an average portfolio weight of 1.25%, which has increased significantly by 924.45%. However, total shares owned by institutions have decreased by 1.14% over the last three months.
Shareholder Activity: Key shareholders include Kim with 10,784K shares, Bank of America with 500K shares, and Goldman Sachs Group with 474K shares, the latter having decreased its portfolio allocation by 79.51% over the last quarter.
Fintel Overview: Fintel provides comprehensive investing research, including fundamentals, analyst reports, ownership data, and fund sentiment, aimed at individual investors and small hedge funds to enhance investment decisions.