BTGO’s (BTGO) “Outperform” Rating Reiterated at Wedbush

Wedbush restated their outperform rating on shares of BTGO (NYSE:BTGO) in a research report sent to investors on Friday,Benzinga reports. Wedbush currently has a $15.00 price objective on the stock.

Several other equities research analysts have also commented on BTGO. Clear Str upgraded BTGO to a “strong-buy” rating in a research report on Tuesday, February 17th. Wall Street Zen downgraded BTGO from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Citigroup dropped their price target on BTGO from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Zacks Research upgraded BTGO to a “hold” rating in a report on Wednesday, February 18th. Finally, Mizuho assumed coverage on shares of BTGO in a research report on Tuesday, February 17th. They set an “outperform” rating and a $17.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, BTGO currently has an average rating of “Moderate Buy” and an average price target of $15.59.

BTGO Trading Up 0.2%

BTGO stock opened at $7.69 on Friday. The firm has a fifty day moving average price of $10.86. BTGO has a 12-month low of $7.60 and a 12-month high of $24.50.

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

Insider Activity at BTGO

In other news, CFO Edward Reginelli sold 45,000 shares of the firm’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 completion of the sale, the chief financial officer directly owned 539,000 shares in the company, valued at $9,022,860. This trade represents a 7.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jody Mettler sold 25,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $418,500.00. Following the completion of the sale, the chief operating officer directly owned 25,000 shares of the company’s stock, valued at $418,500. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 436,007 shares of company stock worth $7,298,757 over the last quarter.

Key Stories Impacting 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.