The Goldman Sachs Group Cuts BTGO (NYSE:BTGO) Price Target to $10.50

BTGO (NYSE:BTGO) had its target price reduced by The Goldman Sachs Group from $12.00 to $10.50 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts have also recently issued reports on BTGO. Mizuho assumed 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. Cantor Fitzgerald reduced their price target on shares of BTGO from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Friday. Compass Point began coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective for the company. Zacks Research raised shares of BTGO to a “hold” rating in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of BTGO in a report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, BTGO currently has an average rating of “Moderate Buy” and a consensus target price of $15.59.

BTGO Stock Up 0.2%

Shares of BTGO stock opened at $7.69 on Friday. BTGO has a 1 year low of $7.60 and a 1 year high of $24.50. The stock has a 50-day simple moving average of $10.86.

BTGO (NYSE:BTGO) last released its quarterly earnings results on Thursday, March 26th. The company reported ($1.03) EPS for the quarter. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.11 billion.

Insider Transactions at BTGO

In other 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 completion of the transaction, the insider directly owned 311,118 shares of the company’s stock, valued at $5,208,115.32. This trade represents a 27.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Edward Reginelli sold 45,000 shares of BTGO 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 sale, the chief financial officer owned 539,000 shares in the company, valued at $9,022,860. This trade represents a 7.71% decrease in their ownership of the stock. 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 in the last 90 days.

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.