Silvergate stock surges as BTIG stays bullish despite bleak Q4 results (NYSE:SI)

Data analyzing in exchange stock market: the candle chars on display. Analytics price change cryptocurrency BTC to USD (Bitcoin / US Dollar), the most popular pair in the world. Big Bitcoin logo.

SlavkoSereda/iStock through Getty Images

Silvergate Capital (NYSE:SI) stock rocketed as a lot as 27.5% earlier in Tuesday’s session as BTIG analyst Mark Palmer nonetheless justified the cryptocurrency-focused financial institution with a Buy ranking even after posting poor Q4 results.

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