Wells Fargo analyst Jared Shaw maintained an Overweight rating and $300 price target on SVB Financial following the company’s Q4 earnings results. While the analyst believes the current environment will likely limit near-term catalysts, he believes SVB Financial’s long-term valuation is "among the most attractive," noting that SIVB‘s "fundamental position among clients appears to never have been stronger."
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Read More on SIVB:
- SVB Financial reports Q4 EPS $4.62, consensus $5.27
- SVB Capital II options imply 7.1% move in share price post-earnings
- SVB Financial names Kim Olson as Chief Risk Officer
- SVB Financial price target lowered to $308 from $411 at Barclays
- Early notable gainers among liquid option names on December 29th