BTGO’s (BTGO) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of BTGO (NYSE:BTGO) in a research note released on Friday,Benzinga reports. The brokerage currently has a $15.00 price target on the stock.

Several other brokerages also recently commented on BTGO. Keefe, Bruyette & Woods raised BTGO to a “hold” rating in a research note on Tuesday, February 17th. Craig Hallum started coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $18.00 price target on the stock. Citigroup cut their price objective on BTGO from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, March 18th. Rosenblatt Securities assumed coverage on BTGO in a research report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price objective for the company. Finally, Mizuho began coverage on BTGO in a research note on Tuesday, February 17th. They set an “outperform” rating and a $17.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, BTGO has an average rating of “Moderate Buy” and a consensus target price of $15.59.

BTGO Stock Performance

BTGO stock opened at $7.69 on Friday. The business’s 50 day moving average price is $10.86. BTGO has a fifty-two week low of $7.60 and a fifty-two week high of $24.50.

BTGO (NYSE:BTGO) last issued its earnings results on Thursday, March 26th. The company reported ($1.03) EPS for the quarter. The business had revenue of $6.16 billion for the quarter, compared to analysts’ expectations of $6.11 billion.

Insider Transactions at BTGO

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

Trending Headlines about BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo announced a partnership with zkSync to build a tokenized deposit platform for banks — a product initiative that could expand addressable market and revenue diversification if adoption and regulatory testing proceed as planned. BitGo (BTGO) Partners with ZKsync to Launch Tokenized Deposit Platform for Banks
• Positive Sentiment: BitGo reported a strong Q4 with revenue jumping substantially (reported as a >400% increase in some coverage) and beat expectations; the company also highlighted its new status as a federally chartered digital asset infrastructure firm — facts that support longer‑term growth thesis. BitGo Holdings Announces Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Several sell‑side firms continue to carry buy/overweight ratings with mid‑teens price targets (Canaccord, Rosenblatt, Wedbush, Cantor Fitzgerald reaffirmed/maintained bullish views), indicating some analysts still see multi‑quarter upside despite near‑term volatility. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results
• Negative Sentiment: Multiple analysts lowered forecasts and trimmed price targets after the Q4 release; notably Goldman Sachs cut its target and moved to a neutral rating — those downgrades and lowered targets helped trigger selling pressure despite the beat. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results

BTGO Company Profile

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.