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Bank of America Securities Remains a Hold on Goldman Sachs BDC (GSBD)

Tipranks - Tipranks - Tue Mar 10, 6:10AM CDT

Bank of America Securities analyst Derek Hewett reiterated a Hold rating on Goldman Sachs BDC today and set a price target of $9.00.

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According to TipRanks, Hewett is a 3-star analyst with an average return of 3.5% and a 51.76% success rate. Hewett covers the Financial sector, focusing on stocks such as Golub Capital Bdc, New Mountain Finance, and Sixth Street Specialty Lending.

In addition to Bank of America Securities, Goldman Sachs BDC also received a Hold from Truist Financial’s Arren Cyganovich in a report issued on March 4. However, on March 2, Wells Fargo maintained a Sell rating on Goldman Sachs BDC (NYSE: GSBD).

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Based on Goldman Sachs BDC’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $83.22 million and a net profit of $23.72 million. In comparison, last year the company earned a revenue of $69.82 million and had a net profit of $37.55 million

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