Earnings Report Announcement: Prospect Capital Corporation plans to file its Form 10-K report for the fiscal year ending June 30, 2024, and will release its earnings press release on August 28, 2024, after market close.
Conference Call Details: A conference call is scheduled for August 29, 2024, at 9:00 a.m. ET, with dial-in options and a live webcast available on their website for interested participants.
PSEC
$2.54+Infinity%1D
Analyst Views on PSEC
Wall Street analysts forecast PSEC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSEC is 2.50 USD with a low forecast of 2.50 USD and a high forecast of 2.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast PSEC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PSEC is 2.50 USD with a low forecast of 2.50 USD and a high forecast of 2.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
1 Sell
Moderate Sell
Current: 2.570
Low
2.50
Averages
2.50
High
2.50
Current: 2.570
Low
2.50
Averages
2.50
High
2.50
Wells Fargo
Finian O'Shea
Underweight
downgrade
$3
2025-08-28
Reason
Wells Fargo
Finian O'Shea
Price Target
$3
2025-08-28
downgrade
Underweight
Reason
Wells Fargo analyst Finian O'Shea lowered the firm's price target on Prospect Capital to $2.50 from $3 and keeps an Underweight rating on the shares. The firm sees Prospect Capital's normalization in a constructive way, but also with still sharp NOI headwinds to navigate.
Wells Fargo
Finian O'Shea
Underweight
downgrade
$3
2025-05-12
Reason
Wells Fargo
Finian O'Shea
Price Target
$3
2025-05-12
downgrade
Underweight
Reason
Wells Fargo analyst Finian O'Shea lowered the firm's price target on Prospect Capital to $3 from $3.50 and keeps an Underweight rating on the shares. The firm notes the company declared its dividend through August, but at this point it only sees coverage through both a rebound in NAV and foregoing the income incentive fee.
About PSEC
Prospect Capital Corporation is a business development company that focuses on lending to and investing in private businesses. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. It invests primarily in senior and subordinated secured debt and equity of private companies in need of capital for acquisitions, divestitures, growth, development, recapitalizations and other purposes. It invests primarily in first and second lien secured loans and unsecured debt, which in some cases includes an equity component. It invests in debt and equity positions of structured credit, which are a form of securitization in which the cash flows of a portfolio of loans are pooled and passed on to different classes of owners in various tranches. It may also acquire controlling interests in companies in conjunction with making secured debt investments in such companies. Its investment adviser is Prospect Capital Management L.P.
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.
