Stock Rating Upgrade
The Value Trend Rating for TriplePoint Venture Growth BDC C (NYSE: TPVG) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 1/12/24, TriplePoint Venture Growth BDC C (NYSE: TPVG) stock rose modestly by 0.4%, closing at $11.17. However, this advance was accompanied by unusually low trading volume at 56% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TPVG is expected to continue to be a Value Builder.
TriplePoint Venture Growth BDC C has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. TriplePoint Venture Growth BDC C has a neutral Power Rating of 54 but a good Appreciation Score of 75, and the Positive Value Trend Rating results.
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