There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Svb Financial Group (NASDAQ:SIVB) and T Rowe Price (NASDAQ:TROW) with bullish sentiments.
Svb Financial Group (SIVB)
In a report issued on July 9, Casey Haire from Jefferies reiterated a Buy rating on Svb Financial Group, with a price target of $340. The company’s shares closed yesterday at $295.30.
According to TipRanks.com, Haire is a 5-star analyst with an average return of 21.0% and a 76.1% success rate. Haire covers the Financial sector, focusing on stocks such as Hancock Whitney Corporation, TCF Financial Corporation, and Texas Capital Bancshares.
Currently, the analyst consensus on Svb Financial Group is a Strong Buy with an average price target of $334.50, which is a 13.3% upside from current levels. In a report issued on June 26, Wells Fargo also maintained a Buy rating on the stock with a $335 price target.
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T Rowe Price (TROW)
In a report issued on July 11, Daniel Fannon from Jefferies reiterated a Buy rating on T Rowe Price, with a price target of $130. The company’s shares closed yesterday at $119.23.
According to TipRanks.com, Fannon is a top 100 analyst with an average return of 15.9% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Gain Capital Holdings, and Federated Investors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for T Rowe Price with a $129 average price target, implying an 8.2% upside from current levels. In a report issued on June 29, Credit Suisse also maintained a Buy rating on the stock with a $154 price target.
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