Maxim Group Remains a Buy on Svb Financial Group (SIVB)


In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on Svb Financial Group (SIVB), with a price target of $365. The company’s shares closed on Friday at $254.81.

Diana noted:

“SIVB will host an Investor Day tomorrow, December 4. With expanded services and initiatives, and the pending acquisition of Leerink Partners (see our note from 11/14, LINK), this appears to be a good time to remind investors of SIVB’s uniqueness. Especially with the stock price depressed from levels of just two months ago.”

According to TipRanks.com, Diana is a 4-star analyst with an average return of 3.7% and a 54.8% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Svb Financial Group with a $325.62 average price target, representing a 27.8% upside. In a report issued on November 28, Barclays also upgraded the stock to Buy with a $330 price target.

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The company has a one-year high of $333.74 and a one-year low of $216.32. Currently, Svb Financial Group has an average volume of 625.8K.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SVB Financial Group is a financial, and bank holding company, which engages in the provision of banking, and financial products and services. It operates through the following segment: Global Commercial Bank, SVB Private Bank, and SVB Capital.

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