Compass Point analyst Casey Alexander raised the firm’s price target on TriplePoint Venture (TPVG) to $8 from $7.50 and keeps a Neutral rating on the shares. TriplePoint net asset value has declined 35% over the last eleven quarters, despite a “solid bounce” in Q3, says the analyst. The current NAV is $9.10 and the firm now values shares at 0.90 times its four-quarter forward projection of NAV, the analyst noted.
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Read More on TPVG:
- TriplePoint Venture price target raised to $7.50 from $6.50 at Wells Fargo
- TriplePoint upgraded to Market Perform from Underperform at Keefe Bruyette
- TriplePoint Venture Growth Reports Strong Q3 2024 Results
- TPVG Earnings this Week: How Will it Perform?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
