Expert Outlook: Ares Capital Through The Eyes Of 5 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 5 analysts have provided ratings for Ares Capital (NASDAQ:ARCC), with most being somewhat bullish. The average 12-month price target has increased to $22.2, up 3.26% from the previous $21.50. Analysts from firms like JMP Securities, RBC Capital, JP Morgan, Truist Securities, and Oppenheimer have either raised or maintained their ratings, reflecting positive sentiment towards the company.
July 30, 2024 | 4:00 pm
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POSITIVE IMPACT
Ares Capital (NASDAQ:ARCC) has received mostly somewhat bullish ratings from 5 analysts over the past three months. The average 12-month price target has increased to $22.2, reflecting a 3.26% rise from the previous target of $21.50. Analysts from JMP Securities, RBC Capital, JP Morgan, Truist Securities, and Oppenheimer have either raised or maintained their ratings, indicating positive sentiment towards the company.
The increase in the average price target and the majority of somewhat bullish ratings from multiple analysts suggest a positive short-term outlook for Ares Capital. The raised ratings and price targets from reputable firms indicate confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100