Glonghui, January 6, 丨 Silvergate Capital (SI.US) fell 7.96% before the market to 11.57 US dollars. BTIG analyst Mark Palmer lowered Silvergate Capital's target price from $51 to $21 after the company's preliminary updates for the fourth quarter showed that digital asset customer deposits fell 68% month-on-month during the quarter. Palmer told investors in a research report that the news made investors start thinking about the impact of the shrinking Silvergate balance sheet on its profitability, but he still rated the company's stock as a “buy” and believed the company was still in an advantageous position to benefit from institutional adoption of digital assets.
美股异动 | Silvergate Capital盘前跌近8% 被大行大幅下调目标价
Changes in US stocks | Silvergate Capital fell nearly 8% before the market and the target price was drastically lowered by major banks
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.