Truist Analyst Bullish on PennantPark Floating Rate Capital (PFLT)

PFLT +0.21% TFC -0.02%

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is one of the best high growth stocks to consider. On November 26, Arren Cyganovich from Truist Financial assigned a Buy recommendation on PennantPark, along with a price target of $11.

In other news, PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) reported its financial results for the quarter ended September 30, 2025. The company allocated $633 million towards 11 fresh and 105 current portfolio holdings with debt investments yielding 10.5% on average. Sales and repayments of investments for the quarter stood at $256.2 million.

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During the three months and year ended September 30, 2025, investment income amounted to $69 million and $261.4 million, respectively, from first lien secured debt and other types of investments.

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is a business development company that invests in floating rate loans and other debt or equity of middle-market companies, primarily in the United States.

While we acknowledge the potential of PFLT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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