1. PixelPlaygroundHome
  2. Metaverse Insights

Analyst’s decision to downgrade shares of Silvergate Capital

• Metaverse Insights • 102 views

It is reported that one of the few analysts who are bullish on the shares of Silvergate Capital (SI) downgraded its rating from stronger than the market to equ…

Analysts decision to downgrade shares of Silvergate Capital

It is reported that one of the few analysts who are bullish on the shares of Silvergate Capital (SI) downgraded its rating from stronger than the market to equal to the market performance because of the limited visibility of the future of the encryption bank. Michael Perito, an analyst at Keefe, Bruyette&Woods (KBW), an investment bank, also lowered its target price from $25 to $16 in a research report sent to customers.

KBW analysts downgrade Silvergate Capital’s stock rating

Interpretation of the news:


Keefe, Bruyette & Woods (KBW), an investment bank, downgraded its rating for shares of Silvergate Capital (SI) from stronger than the market to equal to the market performance. The decision was reportedly made due to the limited visibility of the future of the encryption bank. Michael Perito, the analyst who made the decision also decreased his target price from $25 to $16 in a research report sent to customers.

The move by an analyst in Keefe, Bruyette & Woods to downgrade Silvergate Capital’s shares is significant, as few analysts have been bullish on the bank’s stock performance. The analysis by Keefe, Bruyette & Woods was based on the fact that the future of Silvergate Capital is uncertain. The bank is known for operating in the crypto-currency industry and providing custody and deposit services for cryptocurrency assets. The industry has experienced strong growth in recent years, but its future remains uncertain due to the volatility of new digital currencies and the heightened scrutiny by regulators.

The decision by Keefe, Bruyette & Woods may concern investors in the crypto-currency industry. It is a reflection of the increasing concern among analysts that the industry may not be able to sustain its growth. It is also an indication that regulators are becoming savvier about holding institutions accountable for the activities of their clients. This move may also make other analysts more cautious about investing in Silvergate Capital.

In conclusion, the decision by Keefe, Bruyette & Woods to downgrade the shares of Silvergate Capital highlights the level of uncertainty surrounding the future of the crypto-currency industry. It is obvious that the volatility of the industry and increased regulation activities are major considerations. Investors in the industry should be cautious and prepared to review their investment strategies to align with current realities.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/4177/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/01/2023 05:59
Next 03/01/2023 06:26

Recommended articles