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Why Shares of Silvergate Capital Are Rising Today

TheMotleyFool 
0 0 21.04.22
Why Shares of Silvergate Capital Are Rising TodayPhoto, wide shot, wide-angle lens, Private equity firm, sunset photo at golden hour, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/11edc0a6-edfc-46d1-baee-abd4f510abd1.png
 

Shares of the cryptocurrency bank Silvergate Capital (NYSE: SI) traded nearly 2% higher as of 11 a.m. ET after the stock's price target got updated by Wall Street. The stock is up about 17% this week.

Analysts at Canaccord Genuity Group maintained their buy rating and upped their price target from $164 per share to $200 per share, which implies a roughly 45% upside from current levels.

Image source: Getty Images.

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Source Fool.com

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