Carlyle Secured Lending

CGBD · NASDAQ

$10.13−$0.12 (−1.17%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $10.25

CGBD analyst rating

HoldConsensus of 5 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold5
Underperform0
Sell0

12-month price target · 9 analysts

Average $12.75 (+25.9% upside)

Low: $10.60
Now: $10.13
High: $14.70

Upgrades and downgrades

The latest rating actions, newest first

CGBD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Wells Fargo	Sep 29, 2026	Downgrade	Overweight → Equal-Weight	$12.00 → $11.00	50%
Wells Fargo	May 13, 2026	Maintains	Overweight	$13.00 → $12.00	50%
JP Morgan	Mar 13, 2026	Maintains	Neutral	$12.00 → $10.00	56%
Wells Fargo	Feb 27, 2026	Maintains	Overweight	$14.00 → $13.00	50%
Citizens	Dec 8, 2025	Initiates	Market Perform	—	33%
B. Riley Securities	Nov 11, 2025	Maintains	Neutral	$14.50 → $13.00	0%
JP Morgan	Nov 6, 2025	Maintains	Neutral	$12.50 → $12.00	35%
Wells Fargo	Nov 6, 2025	Maintains	Overweight	$15.00 → $14.00	50%

The case for and against

Updated Jan 5, 2026

Bull case

Carlyle Secured Lending Inc. has reaffirmed a consistent dividend of $0.40 per share, demonstrating strong financial stability and a commitment to delivering shareholder returns. The company reported positive net portfolio growth along with approximately $0.86 per share in spillover income and adjusted net investment income near its base, indicating healthy operational performance and liquidity management. Additionally, favorable regulatory changes and balanced leverage suggest an attractive risk/reward profile, enhancing the company's potential for continued investment activity and valuation appreciation.

Bear case

Carlyle Secured Lending Inc has experienced a slight decline in net asset value (NAV) per share, decreasing by 0.4% due to markdowns of underperforming assets, signaling potential vulnerabilities in its investment portfolio. The company's net investment income fell below both the benchmarks and consensus estimates, raising concerns about its ability to sustain earnings and dividend distributions amidst fluctuating credit markets and pressures resulting from the inability to access capital. Additionally, lower interest rates may compress yields on its debt-heavy investment portfolio, further complicating its financial outlook and increasing the likelihood of a decline in stock value.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.