|Bid||297.52 x 800|
|Ask||324.00 x 900|
|Day's range||315.73 - 334.96|
|52-week range||198.10 - 658.47|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||11.98|
|Earnings date||20 Apr 2023|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||10 Feb 1992|
|1y target est||283.99|
It's been a treacherous year for the innovation economy as many start-ups saw their valuations take a shellacking. SVB Financial (NASDAQ: SIVB), the parent company to Silicon Valley Bank, saw its shares take a hit in a big way in 2022 as falling tech stock valuations and tepid venture capital markets weigh on the business. SVB Financial's stock is down about 56% from its November 2021 peak and trades near its lowest valuation in a decade.
Things were looking up for banker to the Silicon Valley tech stars SVB Financial Group (NASDAQ: SIVB) this week. Across that stretch, the veteran financier's stock rose by just under 7%, data compiled by S&P Global Market Intelligence reveal. Friday morning before market open, Raymond James' David Long made a heavy lift to his SVB price target.
SVB Financial Group ( NASDAQ:SIVB ) shareholders will doubtless be very grateful to see the share price up 31% in the...