BTGO (NYSE:BTGO) Price Target Lowered to $15.00 at Cantor Fitzgerald

BTGO (NYSE:BTGO) had its price objective cut by Cantor Fitzgerald from $17.00 to $15.00 in a report released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently weighed in on BTGO. The Goldman Sachs Group reduced their target price on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. Wall Street Zen upgraded shares of BTGO from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Clear Str upgraded shares of BTGO to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Keefe, Bruyette & Woods upgraded shares of BTGO to a “hold” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BTGO currently has a consensus rating of “Moderate Buy” and an average price target of $15.14.

BTGO Trading Down 17.0%

Shares of BTGO stock opened at $9.89 on Thursday. The firm’s fifty day moving average is $10.21. BTGO has a 12-month low of $7.25 and a 12-month high of $24.50.

BTGO (NYSE:BTGO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The business had revenue of $3.77 billion for the quarter. The company’s revenue was up 112.6% compared to the same quarter last year. On average, analysts forecast that BTGO will post 0.05 earnings per share for the current year.

Key Headlines Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo said its digital asset sales revenue is expected to remain broadly consistent in Q2, while IPO-related expenses should normalize, which could help margins improve. Article link
• Positive Sentiment: KBW maintained a $12 price target and raised its 2026 revenue estimate, suggesting some analysts still see upside despite the earnings miss. Article link
• Neutral Sentiment: Cantor Fitzgerald lowered its price target to $15 from $17 but kept an overweight rating, indicating continued long-term optimism despite near-term volatility. Article link
• Neutral Sentiment: BitGo shares are also being watched after a shareholder-investigation notice from Johnson Fistel, which could add legal overhang but is still only an inquiry at this stage. Article link
• Negative Sentiment: Q1 results showed a much larger-than-expected loss, with earnings far below consensus, raising concerns that revenue growth is not yet translating into profit. Article link
• Negative Sentiment: Recent coverage also pointed to widening losses driven by bitcoin markdowns and IPO expenses, reinforcing the bearish reaction in the stock. Article link

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.