Why Shares of Silvergate Capital Are Rising Today
Shares of the crypto bank Silvergate Capital (NYSE: SI) traded roughly 5.5% higher as of 9:35 a.m. ET today after receiving a bullish rating from an analyst at Bank of America. The stock had given up most of those gains and traded about 1% higher as of 10:13 a.m. ET.
Bank of America analyst Brandon Berman initiated a buy rating of Silvergate Capital and a $200 price target, implying about 45% upside from its current levels.
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Source Fool.com
