1 Beaten Down Growth Stock That Could Soar, According to Wall Street
Investors have experienced a roller coaster of emotions in the market this year. The S&P 500 got off to its worst first-half start to a year in over 50 years. Then, in about the past month, the index has rallied 16% off its recent June lows.
One stock moving higher in that time is Silvergate Capital (NYSE: SI), the bank serving cryptocurrency customers. Investors poured into the stock following a stellar quarterly earnings report -- and analysts think it could soar further from here. Here's why.
Silvergate Capital began serving cryptocurrency customers as early as 2013, before most people knew what a Bitcoin was. The company leveraged its position as a traditional bank and helped cryptocurrency customers navigate a murky regulatory environment.
Source Fool.com
