BTGO (NYSE:BTGO) Coverage Initiated by Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of BTGO (NYSE:BTGO) in a report published on Tuesday,Benzinga reports. The firm issued an overweight rating and a $13.00 price objective on the stock.

Several other equities research analysts have also recently issued reports on the company. The Goldman Sachs Group began coverage on BTGO in a research note on Tuesday. They issued a “neutral” rating and a $11.50 price target for the company. Canaccord Genuity Group initiated coverage on BTGO in a report on Tuesday. They issued a “buy” rating and a $15.00 price objective for the company. Mizuho initiated coverage on BTGO in a report on Tuesday. They set an “outperform” rating and a $17.00 target price on the stock. Wedbush began coverage on BTGO in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of BTGO in a research report on Tuesday. They set a “buy” rating and a $17.00 price objective for the company. Ten research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.05.

BTGO Stock Performance

Shares of BTGO stock opened at $10.39 on Tuesday. BTGO has a twelve month low of $9.52 and a twelve month high of $24.50.

Insider Activity at BTGO

In other BTGO news, CRO Chen Fang sold 250,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $4,185,000.00. Following the completion of the transaction, the executive directly owned 1,233,491 shares in the company, valued at approximately $20,648,639.34. This trade represents a 16.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Jody Mettler sold 25,000 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 $418,500.00. Following the sale, the chief operating officer owned 25,000 shares in the company, valued at approximately $418,500. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 436,007 shares of company stock valued at $7,298,757.

Key Stories 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.

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.