Craig Hallum Begins Coverage on BTGO (NYSE:BTGO)

Analysts at Craig Hallum began coverage on shares of BTGO (NYSE:BTGO) in a research note issued on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $18.00 price target on the stock. Craig Hallum’s price objective suggests a potential upside of 77.87% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. Wedbush assumed coverage on shares of BTGO in a report on Tuesday. They issued an “outperform” rating and a $15.00 target price on the stock. Wall Street Zen raised shares of BTGO to a “hold” rating in a research report on Saturday, January 31st. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, BTGO has an average rating of “Moderate Buy” and an average price target of $16.05.

BTGO Price Performance

BTGO stock opened at $10.12 on Tuesday. BTGO has a 1 year low of $9.52 and a 1 year high of $24.50.

Insiders Place Their Bets

In other BTGO news, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total transaction of $1,941,957.18. Following the sale, the insider owned 311,118 shares of the company’s stock, valued at approximately $5,208,115.32. This trade represents a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Chen Fang sold 250,000 shares of the business’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the sale, the executive owned 1,233,491 shares of the company’s stock, valued at $20,648,639.34. This represents a 16.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 436,007 shares of company stock worth $7,298,757 over the last 90 days.

Key Stories Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Several brokers initiated coverage with Buy/Outperform ratings and price targets between $15 and $18, highlighting BitGo’s institutional custody scale and recurring revenue as upside drivers. (Notable initiations: Mizuho, Canaccord, Clear Street, Citigroup, Deutsche Bank, Cantor Fitzgerald, Compass Point, Craig Hallum, Rosenblatt, Wedbush.) Coverage Roundup
• Positive Sentiment: Mizuho specifically initiated with an Outperform and $17 target, citing institutional custody scale and resilient recurring revenue as core positives. Mizuho Initiation
• Neutral Sentiment: Wells Fargo started coverage with an “overweight” rating and $13 target, a more moderate upside compared with other shops. Wells Fargo Coverage
• Neutral Sentiment: Goldman Sachs set a neutral/hold view with an $11.50 target, and Zacks shows a move to a “hold” — these temper the otherwise broadly bullish analyst tone. Zacks / Goldman Notes
• Neutral Sentiment: Aggregated peer/metric comparisons and analyst notes are available for deeper context on valuation and competitive positioning. Peer Comparison
• Negative Sentiment: Commentary has surfaced questioning whether BitGo’s share price already discounts a steep ~41% YTD decline, raising valuation concerns and suggesting limited near‑term upside absent stronger crypto market or execution beats. Valuation Question

About BTGO

BitGo Holdings Inc is the digital asset infrastructure company delivering custody, wallets, staking, trading, financing, stablecoins and settlement services from regulated cold storage. BitGo Holdings Inc is based in NEW YORK.