Silvergate (SI) Stock Gains After Confirming Purchase of Meta's (FB) Diem Group Stablecoin Technology
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Meta Platforms Inc. (FB) PT Lowered to $280 at UBS
February 3, 2022 5:57 AM ESTUBS analyst Lloyd Walmsley lowered the price target on Meta Platforms Inc. (NASDAQ: FB) to $280.00 (from $400.00) while maintaining a Buy rating.
The analyst comments "Meta produced decent 1Q ad revs but shocked us with a weak 1Q outlook and a step function increase in... More
Citi Reiterates Neutral Rating on Meta Platforms Inc. (FB)
February 3, 2022 5:47 AM ESTCiti analyst Jason Bazinet reiterated a Neutral rating and $330.00 price target on Meta Platforms Inc. (NASDAQ: FB)
The analyst comments "FB reported a slight 4Q21 revenue beat with total revenue up 20% y/y. However, the companys operating margin of 37% was below the... More
Meta Platforms Inc. (FB) PT Lowered to $375 at Oppenheimer
February 3, 2022 4:10 AM ESTOppenheimer analyst Jason Helfstein lowered the price target on Meta Platforms Inc. (NASDAQ: FB) to $375.00 (from $405.00) while maintaining a Outperform rating.
The analyst comments "Reducing target to $375 from $405, on lower estimates as the IDFA workaround is taking longer than expected, combined with... More
Silvergate Capital (SI) Purchases Blockchain Payment Network Assets from Diem
January 31, 2022 5:00 PM ESTSilvergate Capital Corporation (Silvergate) (NYSE: SI) today announced that it has acquired intellectual property and other technology assets related to running a blockchain-based payment network from the Diem Group (Diem), further investing in its platform and enhancing its existing stablecoin infrastructure. Silvergate is uniquely positioned to leverage this technology to further solidify its position as a leader in the digital currency industry.
The assets acquired by Silvergate include development, deployment and operations infrastructure and tools for running a blockchain-based payment network designed to facilitate payments for commerce and cross-border remittances. The network, which... More
