Palmer Square Capital BDC

PSBD · NYSE

$9.61+$0.19 (+2.02%)TodayMarket closed · Oct 20, 7:00 PM ET

Prev close $9.42

PSBD analyst rating

HoldConsensus of 6 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold6
Underperform0
Sell0

12-month price target · 8 analysts

Average $11.27 (+17.3% upside)

Low: $10.10
Now: $9.61
High: $12.60

Upgrades and downgrades

The latest rating actions, newest first

PSBD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Sep 1, 2026	Maintains	Neutral	$11.00 → $10.00	43%
JP Morgan	Jul 2, 2026	Maintains	Neutral	$10.00 → $9.50	56%
RBC Capital	May 28, 2026	Maintains	Sector Perform	$12.00 → $11.00	29%
UBS	Apr 20, 2026	Maintains	Neutral	$11.50 → $11.00	43%
UBS	Mar 13, 2026	Maintains	Neutral	$13.00 → $11.50	100%
JP Morgan	Mar 13, 2026	Maintains	Neutral	$11.50 → $10.00	56%
RBC Capital	Mar 5, 2026	Maintains	Sector Perform	$13.00 → $12.00	29%
RBC Capital	Nov 26, 2025	Downgrade	Outperform → Sector Perform	$15.00 → $13.00	57%
UBS	Nov 19, 2025	Maintains	Neutral	$13.50 → $13.00	80%

The case for and against

Updated Nov 7, 2025

Bull case

Palmer Square Capital BDC Inc. demonstrates a strong potential for generating competitive returns relative to its Business Development Company (BDC) peers, primarily through its focus on large, liquid loans and a strategic investment approach aimed at net asset value (NAV) appreciation. The company's competitive advantage is significantly bolstered by its ability to leverage the broader Palmer Square Capital Management platform, which enhances its expertise in underwriting and asset valuation. Furthermore, the firm's opportunistic investment strategy emphasizes liquid credits and larger corporate borrowers, alongside a relatively attractive fee structure, further supporting a positive financial outlook.

Bear case

The negative outlook on Palmer Square Capital BDC Inc. is primarily driven by the inherent risks associated with its use of leverage, which could significantly exacerbate declines in net asset value (NAV) if the value of its assets decreases. Additionally, the company's reliance on “covenant-lite” loans places it at a higher risk of loss compared to traditional loans, potentially compromising its ability to recover in adverse market conditions. Furthermore, interest rate fluctuations could adversely affect its cost of capital and net investment income, contributing to an overall sense of vulnerability in its financial stability.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.