Palmer Square Capital BDC (PSBD) Stock Forecast & Price Target

$16.55

+0.05 (+0.30%)

(As of 07/26/2024 ET)

Palmer Square Capital BDC - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Palmer Square Capital BDC in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 7 analysts, 3 have given a hold rating, and 4 have given a buy rating for PSBD.

Consensus Price Target

$16.93
2.29% Upside

High Forecast	$17.50
Average Forecast	$16.93
Low Forecast	$16.50

According to the 7 analysts' twelve-month price targets for Palmer Square Capital BDC, the average price target is $16.93. The highest price target for PSBD is $17.50, while the lowest price target for PSBD is $16.50. The average price target represents a forecasted upside of 2.29% from the current price of $16.55.

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	N/A
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	N/A
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	N/A
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	N/A
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	N/A
Consensus Price Target	$16.93	$16.93	$16.93	N/A
Forecasted Upside	2.29% Upside	3.51% Upside	3.51% Upside	N/A

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PSBD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSBD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Palmer Square Capital BDC Stock vs. The Competition

Type	Palmer Square Capital BDC	Finance Companies	S&P 500
Consensus Rating Score	2.57	2.44	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	2.29% Upside	35.49% Upside	9.10% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/22/2024	Janney Montgomery Scott 2 of 5 stars	Initiated Coverage	Neutral	$17.50	+4.17%
2/12/2024	UBS Group 4 of 5 stars	Initiated Coverage	Neutral	$16.50	+1.35%
2/12/2024	Oppenheimer 3 of 5 stars	Initiated Coverage	Outperform	$17.00	+4.42%
2/12/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral	$16.50	+1.35%
2/12/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$17.00	+4.42%
2/12/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$17.00	+4.42%
2/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$17.00	+4.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 06:16 AM ET.

PSBD Forecast - Frequently Asked Questions

What is Palmer Square Capital BDC's forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Palmer Square Capital BDC is $16.93, with a high forecast of $17.50 and a low forecast of $16.50.
Should I buy or sell Palmer Square Capital BDC stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Palmer Square Capital BDC in the last twelve months. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PSBD shares.
Does Palmer Square Capital BDC's stock price have much upside?: According to analysts, Palmer Square Capital BDC's stock has a predicted upside of 3.51% based on their 12-month stock forecasts.
Do Wall Street analysts like Palmer Square Capital BDC more than its competitors?: Analysts like Palmer Square Capital BDC more than other "finance" companies. The consensus rating for Palmer Square Capital BDC is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how PSBD compares to other companies.