Deutsche Bank Aktiengesellschaft Initiates Coverage on BTGO (NYSE:BTGO)

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO (NYSE:BTGO) in a report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $17.00 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 67.98% from the stock’s previous close.

Several other research firms have also recently weighed in on BTGO. Wall Street Zen upgraded shares of BTGO to a “hold” rating in a research report on Saturday, January 31st. Canaccord Genuity Group initiated coverage on shares of BTGO in a research note on Tuesday. They set a “buy” rating and a $15.00 price target on the stock. Rosenblatt Securities began coverage on shares of BTGO in a research report on Tuesday. They issued a “buy” rating and a $17.00 price objective for the company. Cantor Fitzgerald initiated coverage on BTGO in a report on Tuesday. They set an “overweight” rating and a $18.00 price objective on the stock. Finally, The Goldman Sachs Group initiated coverage on BTGO in a research report on Tuesday. They issued a “neutral” rating and a $11.50 price objective on the stock. Ten equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, BTGO has a consensus rating of “Moderate Buy” and an average target price of $16.05.

BTGO Stock Down 6.9%

Shares of NYSE:BTGO opened at $10.12 on Tuesday. BTGO has a twelve month low of $9.52 and a twelve month high of $24.50.

Insider Buying and Selling at BTGO

In related news, insider Jeff Peter Horowitz sold 116,007 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $1,941,957.18. Following the transaction, the insider directly owned 311,118 shares in the company, valued at $5,208,115.32. This represents a 27.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Edward Reginelli sold 45,000 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 $753,300.00. Following the completion of the transaction, the chief financial officer directly owned 539,000 shares in the company, valued at approximately $9,022,860. The trade was a 7.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 436,007 shares of company stock worth $7,298,757 in the last 90 days.

BTGO News Summary

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.