Blue Owl Technology Finance

OTF · NYSE

$8.90−$0.11 (−1.22%)TodayMarket closed · Oct 20, 7:56 PM ET

Prev close $9.01

OTF analyst rating

BuyConsensus of 7 analysts over the last 12 months. 71% rate it a buy.

Strong buy0
Buy5
Hold2
Underperform0
Sell0

12-month price target · 11 analysts

Average $14.02 (+57.6% upside)

Low: $11.11
Now: $8.90
High: $17.85

Upgrades and downgrades

The latest rating actions, newest first

OTF analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Aug 17, 2026	Maintains	Sector Perform	$12.00	29%
Citizens	Aug 7, 2026	Maintains	Market Outperform	$16.00 → $17.00	26%
Truist Securities	May 19, 2026	Maintains	Buy	$16.00 → $15.00	63%
RBC Capital	May 18, 2026	Maintains	Sector Perform	$14.00 → $12.00	29%
Keefe, Bruyette & Woods	May 12, 2026	Maintains	Market Perform	$13.00 → $12.00	36%
Wells Fargo	May 8, 2026	Maintains	Overweight	$13.00 → $12.00	50%
Citizens	Apr 22, 2026	Maintains	Market Outperform	$17.00 → $16.00	33%
Keefe, Bruyette & Woods	Feb 23, 2026	Maintains	Market Perform	$16.00 → $13.00	36%
Truist Securities	Feb 23, 2026	Maintains	Buy	$17.00 → $16.00	63%
Wells Fargo	Feb 20, 2026	Maintains	Overweight	$15.00 → $13.00	50%

The case for and against

Updated Oct 18, 2026

Bull case

Blue Owl Technology is supported by a strong earnings and credit profile, with 2Q26 adjusted NII per share of $0.33, total investment income of $338 million, and a $0.40 dividend that was covered by recurring income. Its portfolio remains large and improving, at $14.68 billion with a 9.4% weighted average total yield, new-investment spreads of 530 bps, and only 0.6% of investments on non-accrual, underscoring disciplined underwriting and healthy asset performance. The outlook is further strengthened by about $2 billion of available liquidity, leverage near 0.93x, the end of pre-IPO lockup selling pressure, and meaningful embedded upside from equity holdings in high-growth technology names.

Bear case

Blue Owl Technology is facing a negative setup because its quarter showed weaker-than-expected investment income of $326mn, a smaller portfolio of $14.07bn versus estimates, and NAV per share slipping to $16.49 as credit spread widening drove most of the decline. Although non-accruals remain low at 0.3% on an amortized cost basis, the firm is seeing softer originations, higher paydowns, and rising software LTVs to 40%, which point to tighter credit cushions and less room for error. At the same time, management is selectively pulling back on new software deals amid AI disruption risks, while ROE may stay below peers near term and leverage, interest-rate, and market-dislocation risks could further pressure returns.

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.