Sixth Street Specialty Lending

TSLX · NYSE

$16.83+$0.02 (+0.12%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $16.81

TSLX analyst rating

BuyConsensus of 8 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy6
Hold2
Underperform0
Sell0

12-month price target · 14 analysts

Average $20.59 (+22.3% upside)

Low: $19.19
Now: $16.83
High: $24.15

Upgrades and downgrades

The latest rating actions, newest first

TSLX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Keefe, Bruyette & Woods	Aug 10, 2026	Maintains	Outperform	$18.50 → $19.50	36%
JP Morgan	Jul 2, 2026	Maintains	Neutral	$17.50 → $16.50	56%
JP Morgan	May 7, 2026	Maintains	Neutral	$18.50 → $17.50	56%
RBC Capital	May 7, 2026	Maintains	Outperform	$22.00 → $20.00	29%
Keefe, Bruyette & Woods	May 7, 2026	Maintains	Outperform	$21.00 → $18.50	36%
Truist Securities	May 7, 2026	Maintains	Buy	$22.00 → $20.00	63%
Wells Fargo	May 7, 2026	Maintains	Overweight	$20.00 → $19.00	50%
Citizens	Apr 22, 2026	Maintains	Market Outperform	$25.00 → $24.00	33%
LUCID CAPITAL MARKETS	Mar 18, 2026	Initiates	Buy	$21.00	—
JP Morgan	Mar 13, 2026	Maintains	Neutral	$21.00 → $18.50	56%

The case for and against

Updated Aug 11, 2026

Bull case

Sixth Street Specialty is a well-established company in the specialty finance industry with a proven track record of generating strong returns for investors. Their ability to provide flexible and fully committed financing solutions to middle market companies, as well as their focus on off-the-run opportunities and non-sponsor activity, sets them apart from their peers and gives them a competitive advantage. With a strong and experienced management team, a solid portfolio of investments, and a history of outperforming during periods of volatility, Sixth Street Specialty is poised for continued success in the future.

Bear case

Sixth Street Specialty is facing a slower investing environment, leading them to lower full year guidance by a full point and reset their dividend. Their asset value per share has also taken a hit due to credit spread widening, and while they maintain a strong track record and lender-friendly terms, the current negativity in the market is reflected in their stock price. There is also a concern about their high exposure to software loans, although one smallish software loan being refinanced is seen as a positive sign. The company has a strong middle-market franchise and maintains a high proportion of senior secured loans, but there is potential for volatility and erosion of margins as the industry undergoes structural shifts.

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.