Chicago Atlantic Q3 net income falls to $8.93 mln
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Chicago Atlantic's Q3 net income fell to $8.93 million from $11.21 million last year, with net interest income also declining to $13.69 million. The company repurchased shares, affirming its commitment to shareholder returns. It maintains its 2025 outlook, aiming for net growth in its loan portfolio and has a pipeline of over $415 million in new opportunities. Analysts rate the stock as a "buy" with a median 12-month price target of $18.00, reflecting a potential increase of 27.3% from its recent closing price of $13.08.
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