Runway Growth Finance Soars: Analysts Boost Price Target, Signaling Bullish Outlook

Compass Point analyst Casey Alexander has boosted his outlook on Runway Growth Finance (RWAY), raising the price target to $12 from $11.50 while maintaining a Buy rating. The analyst highlighted the company's exceptional performance, describing it as "one of the strongest quarters in the BDC space."
Despite acknowledging the potential market uncertainty from Oaktree, Alexander remains optimistic about Runway Growth Finance's future. He sees a promising trajectory for the stock, believing there is a clear path to significant valuation growth as the company's story continues to unfold.
Investors and market watchers are advised to keep a close eye on RWAY as it demonstrates robust financial strength and strategic positioning in the business development company sector.