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Sixth Street Specialty Lending, (TSLX) Stock Analysis

Recovery setup

SellVALUE-TRAP 1/5Moderate Confidence

Financial Services · Asset Management

Earnings in 5 days (2026-05-05). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Sell if holding. Analyst target reached at $19.28 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.1): -0.5.

Sixth Street Specialty Lending is a business development company (BDC) focused on direct lending to US middle-market companies ($10M-$250M EBITDA) through senior secured loans. Since inception in July 2011, it has originated ~$53.3 billion in investments; as of December 31,... Read more

$19.28+0.1% A.UpsideScore 5.4/10#68 of 109 Asset Management
Stop $18.42Target $19.24(resistance)A.R:R -0.1:1
Analyst target$21.91+13.6%11 analysts
$19.24our TP
$19.28price
$21.91mean
$19
$25

Sell if holding. Analyst target reached at $19.28 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.1): -0.5. Chart setup: Death cross but MACD improving, RSI 69. Score 5.4/10, moderate confidence.

Passes 4/9 gates (positive momentum, no SEC red flags, news events none recent, semi cycle peak clear). Fails on favorable risk/reward ratio and clean insider activity and earnings proximity 5d<=7d. Suitability: aggressive.

Thesis

Rewards
Strong earnings beat streak (4/4)
Attractive valuation
Positive insider activity
Risks
Analyst target reached - limited upside remaining
Leverage penalty (D/E 1.1): -0.5
Earnings in 5 days (event risk)

Key Metrics

P/E (TTM)10.5
P/E (Fwd)9.7
Mkt Cap$1.8B
EV/EBITDA
Profit Mgn38.0%
ROE10.6%
Rev Growth-12.5%
Beta0.69
Dividend9.71%
Rating analysts18

Quality Signals

Piotroski F7/9

Options Flow

P/C0.30bullish
IV60%elevated
Max Pain$15-22.2% vs spot

Concentration Risks(10-K Item 1A)

  • LOWloan_portfolioInternet Services18%
    10-K Item 1A: 'The largest industry in our portfolio as of December 31, 2025 was Internet Services, which represented, as a percentage of our portfolio, 18.3% of the total portfolio based on fair value.'

Material Events(8-K, last 90d)

  • 2026-02-23Item 5.02LOW
    Chairman Joshua Easterly will not seek re-election to the Board at the 2026 Annual Meeting (May 21, 2026). He is retiring from Sixth Street Partners as of June 30, 2026. Board intends to appoint a successor Chairman around the Annual Meeting date. No disagreement cited.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

3 floor-breakers

Revenue shrinking — -12.5% YoY. Growth thesis broken unless recovery story develops.static

Revenue Growth
0.0
Earnings Growth
3.6
Declining revenue: -12%

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Growth Rank
0.9
Quality Rank
5.7
Value Rank
6.0

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

Support Resistance
2.0
Bollinger
2.3
52w Position
6.4
GatesA.R:R -0.1=NEGATIVEINSIDER 0.60%=EXTREMEEARNINGS PROXIMITY 5d<=7dMomentum 5.2<5.5 (soft — BUY_NOW allowed but watch)Death cross (50MA < 200MA)Momentum 5.2>=4.5No SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARRecoverySuitability: Aggressive
RSI
69 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $17.54Resistance $19.63

Price Targets

$18
$19
A.Upside-0.2%
A.R:R-0.1:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Target reached (-0.8% upside)
! Negative risk/reward — downside exceeds upside
! Insider activity: 0.60%=extreme

Earnings

B
B
B
B
4/4 beats
Next Earnings2026-05-05 (5d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is TSLX stock a buy right now?

Sell if holding. Analyst target reached at $19.28 — A.R:R is negative (-0.1) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Leverage penalty (D/E 1.1): -0.5. Chart setup: Death cross but MACD improving, RSI 69. Prior stop was $18.42. Score 5.4/10, moderate confidence.

What is the TSLX stock price target?

Take-profit target: $19.24 (+0.1% upside). Prior stop was $18.42. Stop-loss: $18.42.

What are the risks of investing in TSLX?

Analyst target reached - limited upside remaining; Leverage penalty (D/E 1.1): -0.5; Earnings in 5 days (event risk).

Is TSLX overvalued or undervalued?

Sixth Street Specialty Lending, trades at a P/E of 10.5 (forward 9.7). TrendMatrix value score: 7.2/10. Verdict: Sell.

What do analysts say about TSLX?

18 analysts cover TSLX with a consensus score of 4.1/5. Average price target: $22.

What does Sixth Street Specialty Lending, do?Sixth Street Specialty Lending is a business development company (BDC) focused on direct lending to US middle-market...

Sixth Street Specialty Lending is a business development company (BDC) focused on direct lending to US middle-market companies ($10M-$250M EBITDA) through senior secured loans. Since inception in July 2011, it has originated ~$53.3 billion in investments; as of December 31, 2025, it holds 143 portfolio companies with average investment size of ~$30.4 million (excluding CLOs).

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