Why SVB Financial Group Stock Soared 7% Higher This Week

Why SVB Financial Group Stock Soared 7% Higher This Week

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.