After SunTrust Robinson and JMP Securities gave Svb Financial Group (NASDAQ: SIVB) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Michael Diana reiterated a Buy rating on Svb Financial Group today and set a price target of $365. The company’s shares closed on Tuesday at $240.43.
Diana wrote:
“SIVB hosted an December 4. In our view, it delivered on the important theme of what makes SIVB unique, and, therefore, less susceptible to damaging competition.”
According to TipRanks.com, Diana is a 4-star analyst with an average return of 2.9% and a 52.7% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Currently, the analyst consensus on Svb Financial Group is a Strong Buy with an average price target of $325.62, implying a 35.4% upside from current levels. 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 651.6K.
Based on the recent corporate insider activity of 92 insiders, corporate insider sentiment is negative on the stock.
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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.
