BTGO (NYSE:BTGO) Receives Average Recommendation of “Moderate Buy” from Brokerages

BTGO (NYSE:BTGO) has earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.1364.

Several brokerages recently issued reports on BTGO. Rosenblatt Securities dropped their target price on shares of BTGO from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, March 27th. The Goldman Sachs Group decreased their target price on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 27th. Wedbush restated an “outperform” rating and issued a $15.00 price target on shares of BTGO in a research note on Friday, March 27th. Mizuho cut their price objective on BTGO from $17.00 to $14.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 price objective on shares of BTGO in a research report on Friday, March 27th.

Key Stories Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BTGO is seeing strong trading interest, with volume running above recent averages and the stock continuing to rebound as investors rotate into the name. BTGO stock is up 10% today. Here’s what we see in our data.
• Neutral Sentiment: Several law firms announced or reminded investors about an ongoing class action tied to BitGo’s IPO and the period through May 13, 2026, with an August 7 deadline to seek lead-plaintiff status. Portnoy Law Firm Announces Class Action on Behalf of BitGo Holdings, Inc. Investors
• Neutral Sentiment: Additional investor-rights firms issued similar notices and deadline reminders, keeping BTGO in the headlines but not changing the underlying allegations. BTGO Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in BitGo Holdings, Inc. Securities Lawsuit – Contact The Gross Law Firm
• Negative Sentiment: The lawsuit allegations may pressure sentiment because they claim investors were harmed by disclosures tied to BitGo’s IPO and subsequent financial results, including a large quarterly loss cited in the complaints. BTGO UPCOMING DEADLINE: SueWallSt Alerts BitGo Holdings, Inc. Stockholders of Securities Class Action

BTGO Trading Up 11.4%

Shares of NYSE:BTGO opened at $5.64 on Friday. The stock has a market cap of $653.90 million and a price-to-earnings ratio of -4.37. The stock has a 50-day simple moving average of $5.95. BTGO has a fifty-two week low of $4.66 and a fifty-two week high of $24.50.

BTGO (NYSE:BTGO) last announced its quarterly earnings results 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 firm had revenue of $3.77 billion for the quarter. The business’s revenue was up 112.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that BTGO will post -0.32 EPS for the current year.

BTGO declared that its Board of Directors has initiated a stock repurchase program on Wednesday, June 17th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.