
Shares of business development company Hercules Capital HTGC.N fall 6.2% to $15.57
Co posted net investment income of $87 million or 48 cents per share on Thursday, below analysts' estimates of $91 million or 49 cents per share
Piper Sandler downgrades HTGC to "neutral" from "overweight" and cuts PT to $17.50 from $20.50
HTGC's software exposure is 35% and could face negative headlines, noise and potential difficulty in business models with AI disruption a risk, brokerage says
7 of 9 analysts rate stock "strong buy" or "buy" and 2 "hold"; their median PT is $19.50 - data compiled by LSEG
Including session's move, HTGC down 25.7% in the last 12 months