BTGO (NYSE:BTGO) Now Covered by Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of BTGO (NYSE:BTGO) in a research report sent to investors on Tuesday, Marketbeat reports. The firm issued a buy rating and a $15.00 price target on the stock.

A number of other equities research analysts have also issued reports on the stock. Rosenblatt Securities assumed coverage on shares of BTGO in a report on Tuesday. They set a “buy” rating and a $17.00 target price on the stock. Craig Hallum assumed coverage on BTGO in a research note on Tuesday. They issued a “buy” rating and a $18.00 price objective on the stock. Wall Street Zen raised BTGO to a “hold” rating in a research note on Saturday, January 31st. Finally, Wedbush assumed coverage on BTGO in a report on Tuesday. They set an “outperform” rating and a $15.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.05.

BTGO Trading Down 3.4%

Shares of BTGO opened at $10.39 on Tuesday. BTGO has a 1 year low of $9.52 and a 1 year high of $24.50.

Insider Activity

In related news, insider Jeff Peter Horowitz sold 116,007 shares of the stock in a transaction on 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 transaction, the insider owned 311,118 shares of the company’s stock, valued at $5,208,115.32. This represents a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Jody Mettler sold 25,000 shares of BTGO stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $418,500.00. Following the sale, the chief operating officer directly owned 25,000 shares of the company’s stock, valued at $418,500. This trade represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 436,007 shares of company stock worth $7,298,757.

Key Headlines Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Several large brokers initiated coverage with bullish ratings and sizable price targets (many in the $15–$18 range), signaling strong analyst conviction about upside potential—Citigroup: Buy, $18 target (~73% upside). Article
• Positive Sentiment: Cantor Fitzgerald and Craig Hallum both started coverage with Overweight/Buy and $18 targets (each ~73% upside), reinforcing the bullish cohort. Article
• Positive Sentiment: Deutsche Bank, Compass Point, Mizuho, and Rosenblatt initiated Buy ratings with $17 targets (~64% upside), pointing to conviction among mid‑to‑large brokers (no direct link available for all firms).
• Positive Sentiment: Canaccord and Wedbush started coverage with Buy/Outperform ratings and $15 targets (~44% upside), while Wells Fargo gave an Overweight with a $13 target (~25% upside). Article
• Neutral Sentiment: Goldman Sachs initiated coverage with a Neutral rating and an $11.50 target (~11% upside), which tempers the otherwise bullish slate. Article
• Neutral Sentiment: Independent analyst commentary (TipRanks summary) highlights BitGo’s solid growth prospects but warns that crypto volatility and margin risks justify a Hold stance for some investors — a reminder of sector-specific risk. Article
• Negative Sentiment: Despite the bullish analyst starts, BTGO is trading down today on below-average volume (current intraday volume is lower than the stock’s recent average), suggesting profit‑taking, hesitation, or broader market/crypto weakness is outweighing the new buy signals.

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.