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Bullish Case: Record 2023 performance, innovation funding, and firm management indicate upside. HTGC's consistent loan commitments drive growth despite rate cuts.


Bearish Case: Heavy reliance on volatile tech and life science sectors, mean-reverting nature, and high dividend payouts may limit upward potential and strain finances.


Potential Outcomes:

1) Continued growth from tech sector success (40%).

2) Decline from sector downturn or dividend cut concerns (35%).

3) Sideways due to mean reversion (25%).


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April 17, 2024


Hercules Forecast

HTGC        Hercules
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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