SVB Financial Group Reaches Analyst Target Price
November 11, 2016 at 09:27 AM EST
In recent trading, shares of SVB Financial Group (SIVB) have crossed above the average analyst 12-month target price of $136.54, changing hands for $139.90/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..