Wunderlich: GSVC Should Benefit From Twitter Sales, Dropbox & Lyft
In a report published Monday, Wunderlich analysts maintained a Buy rating on GSV Capital Corp (NASDAQ: GSVC), with a price target of $20, saying that the company's NAV should benefit from Twitter Inc (NYSE: TWTR) sales as well as higher valuations in Dropbox and Lyft.
GSV Capital is scheduled to report after market close on May 7. "So far we have seen companies report slower ad-related growth and fx headwinds, especially from Europe, which we would expect to continue this week."
In the report Wunderlich noted, "We expect the company's NAV to be dependent to a large extent upon whether and at what price the TWTR [rated Hold] position has been monetized. NAV should also benefit from potentially higher valuations of Dropbox given the AWS disclosures and for Lyft given its latest financing round."
Latest Ratings for GSVC
|Feb 2016||Northland Securities||Maintains||Outperform|
|Jan 2016||JMP Securities||Downgrades||Outperform||Market Perform|
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