BTGO (NYSE:BTGO) Receives $16.35 Consensus Target Price from Analysts

BTGO (NYSE:BTGO) has been given an average recommendation of “Buy” by the twelve research firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, ten have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.0455.

A number of research firms have commented on BTGO. Wells Fargo & Company initiated coverage on shares of BTGO in a research report on Tuesday. They issued an “overweight” rating and a $13.00 target price for the company. Mizuho began coverage on shares of BTGO in a research note on Tuesday. They set an “outperform” rating and a $17.00 price target on the stock. Clear Str upgraded BTGO to a “strong-buy” rating in a research note on Tuesday. Cantor Fitzgerald began coverage on BTGO in a research note on Tuesday. They issued an “overweight” rating and a $18.00 price objective on the stock. Finally, Canaccord Genuity Group began coverage on shares of BTGO in a research note on Tuesday. They set a “buy” rating and a $15.00 target price on the stock.

BTGO Stock Up 2.6%

BTGO stock opened at $10.53 on Tuesday. BTGO has a 12 month low of $9.52 and a 12 month high of $24.50.

Insiders Place Their Bets

In related news, CFO Edward Reginelli sold 45,000 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 transaction of $753,300.00. Following the completion of the transaction, the chief financial officer owned 539,000 shares in the company, valued at approximately $9,022,860. This represents a 7.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jody Mettler sold 25,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer owned 25,000 shares in the company, valued at $418,500. This represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 436,007 shares of company stock worth $7,298,757 over the last quarter.

Key Stories Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Multiple brokerages initiated coverage with constructive ratings and mid‑teens price targets (Mizuho Outperform $17, Canaccord Buy $15, Clear Street Buy $18), highlighting BitGo’s institutional custody scale and recurring revenue — this broker interest is driving buying. BitGo (BTGO) Stock: Mizuho, Canaccord and Clear Street Initiate With Buy Ratings
• Positive Sentiment: Zacks/Clear Street moved to a “strong‑buy” view in a note cited by Zacks, adding to the positive analyst momentum. Zacks: Clear Str Llc Upgrade
• Neutral Sentiment: Major firms (Deutsche Bank, Citigroup, Goldman Sachs, Wedbush, Rosenblatt, Craig Hallum, Compass Point and others) have initiated coverage — increasing analyst attention and liquidity but with mixed stances and no uniform consensus yet. Deutsche Bank Initiates Coverage
• Neutral Sentiment: Coverage expansion from large banks raises visibility and could sustain volume, but impacts will depend on each firm’s rating and price target. Coverage Initiation Examples
• Negative Sentiment: Countering the optimism, analysis notes BTGO has fallen ~41.2% YTD and still trades well below its 1‑year high, raising valuation and execution risk concerns; some investors may view current rallies as short‑covering. Is Bitgo Holdings (BTGO) Pricing Reflect Its 41.2% YTD Share Price Decline

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.