Hercules Capital, Inc. (HTGC)

Hercules Capital Stock Forecast

Stock Price Forecast

The 8 analysts that cover Hercules Capital stock have a consensus rating of "Buy" and an average price target of $21.13, which forecasts a 11.01% increase in the stock price over the next year. The lowest target is $18.5 and the highest is $25.

Price Target: $21.13 (+11.01%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$18.5	$21.13	$20.5	$25
Change	-2.81%	+11.01%	+7.70%	+31.34%

* Price targets were last updated on Nov 4, 2025.

Analyst Ratings

The average analyst rating for Hercules Capital stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jul '25	Aug '25	Sep '25	Oct '25	Nov '25	Dec '25
Strong Buy	0	0	0	0	1	1
Buy	6	6	6	6	6	6
Hold	2	2	2	2	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	8	8	8	8	8	8

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Casey Alexander Compass Point	Compass Point	Hold → Strong Buy Upgrades $20	Hold → Strong Buy	Upgrades	$20	+2.44%	Nov 4, 2025
Vilas Abraham UBS	UBS	Hold Maintains $19 → $19	Hold	Maintains	$19 → $19	-2.81%	Oct 14, 2025
Crispin Love Piper Sandler	Piper Sandler	Buy Maintains $21 → $21	Buy	Maintains	$21 → $21	+7.70%	Oct 9, 2025
Devin Ryan JMP Securities	JMP Securities	Buy Maintains $22 → $24	Buy	Maintains	$22 → $24	+26.08%	Aug 4, 2025
Crispin Love Piper Sandler	Piper Sandler	Buy Maintains $20 → $21	Buy	Maintains	$20 → $21	+10.32%	Aug 1, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

536.61M

Increased by 8.72%

from 493.59M

Revenue Next Year

587.97M

Increased by 9.57%

from 536.61M

EPS This Year

1.97

Increased by 22.19%

from 1.61

EPS Next Year

2.06

Increased by 4.73%

from 1.97

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	287.26M	280.98M	321.69M	460.67M	493.59M	536.61M	587.97M
Revenue Growth	7.24%	-2.19%	14.49%	43.20%	7.15%	8.72%	9.57%
EPS	2.01	1.49	0.79	2.31	1.61	1.97	2.06
EPS Growth	17.54%	-25.87%	-46.98%	192.41%	-30.30%	22.19%	4.73%
Forward PE	-	-	-	-	-	9.68	9.24
No. Analysts	-	-	-	-	-	10	10

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	565.6M	631.8M
Avg	536.6M	588.0M
Low	498.5M	539.9M

Revenue Growth

Revenue Growth	2025	2026	2027
High	14.6%	17.7%
Avg	8.7%	9.6%
Low	1.0%	0.6%

EPS Forecast

EPS	2025	2026	2027
High	2.05	2.32
Avg	1.97	2.06
Low	1.87	1.88

EPS Growth

EPS Growth	2025	2026	2027
High	27.2%	18.0%
Avg	22.2%	4.7%
Low	16.3%	-4.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.