BTGO (NYSE:BTGO) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of BTGO (NYSE:BTGO) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other research firms have also commented on BTGO. Wells Fargo & Company started coverage on shares of BTGO in a research report on Tuesday. They issued an “overweight” rating and a $13.00 price target on the stock. Citigroup started coverage on shares of BTGO in a report on Tuesday. They issued a “buy” rating and a $18.00 target price on the stock. Cantor Fitzgerald assumed coverage on shares of BTGO in a report on Tuesday. They set an “overweight” rating and a $18.00 price target for the company. Rosenblatt Securities initiated coverage on BTGO in a research note on Tuesday. They issued a “buy” rating and a $17.00 price objective on the stock. Finally, Wedbush initiated coverage on BTGO in a research report on Tuesday. They set an “outperform” rating and a $15.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.05.

BTGO Stock Performance

BTGO opened at $10.12 on Monday. BTGO has a 52-week low of $9.52 and a 52-week high of $24.50.

Insider Activity at BTGO

In other news, CRO Chen Fang sold 250,000 shares of BTGO stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the sale, the executive owned 1,233,491 shares of the company’s stock, valued at approximately $20,648,639.34. This trade represents a 16.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jody Mettler sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the chief operating officer 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 have sold a total of 436,007 shares of company stock worth $7,298,757 in the last three months.

BTGO News Roundup

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Several brokers initiated coverage with Buy/Outperform ratings and price targets between $15 and $18, highlighting BitGo’s institutional custody scale and recurring revenue as upside drivers. (Notable initiations: Mizuho, Canaccord, Clear Street, Citigroup, Deutsche Bank, Cantor Fitzgerald, Compass Point, Craig Hallum, Rosenblatt, Wedbush.) Coverage Roundup
• Positive Sentiment: Mizuho specifically initiated with an Outperform and $17 target, citing institutional custody scale and resilient recurring revenue as core positives. Mizuho Initiation
• Neutral Sentiment: Wells Fargo started coverage with an “overweight” rating and $13 target, a more moderate upside compared with other shops. Wells Fargo Coverage
• Neutral Sentiment: Goldman Sachs set a neutral/hold view with an $11.50 target, and Zacks shows a move to a “hold” — these temper the otherwise broadly bullish analyst tone. Zacks / Goldman Notes
• Neutral Sentiment: Aggregated peer/metric comparisons and analyst notes are available for deeper context on valuation and competitive positioning. Peer Comparison
• Negative Sentiment: Commentary has surfaced questioning whether BitGo’s share price already discounts a steep ~41% YTD decline, raising valuation concerns and suggesting limited near‑term upside absent stronger crypto market or execution beats. Valuation Question

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.