BTGO (NYSE:BTGO) Upgraded at Zacks Research

Zacks Research upgraded shares of BTGO (NYSE:BTGO) to a hold rating in a report released on Wednesday,Zacks.com reports.

BTGO has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft initiated coverage on BTGO in a research note on Tuesday. They set a “buy” rating and a $17.00 price objective for the company. Cantor Fitzgerald began coverage on shares of BTGO in a research report on Tuesday. They issued an “overweight” rating and a $18.00 price target on the stock. The Goldman Sachs Group started coverage on BTGO in a research note on Tuesday. They issued a “neutral” rating and a $11.50 price objective for the company. Rosenblatt Securities initiated coverage on shares of BTGO in a research note on Tuesday. They set a “buy” rating and a $17.00 price target for the company. Finally, Compass Point started coverage on shares of BTGO in a research note on Tuesday. They set a “buy” rating and a $17.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, BTGO presently has a consensus rating of “Moderate Buy” and an average target price of $16.05.

BTGO Stock Performance

BTGO stock opened at $10.49 on Wednesday. BTGO has a one year low of $9.52 and a one year high of $24.50.

Insider Buying and Selling at BTGO

In related news, insider Jeff Peter Horowitz sold 116,007 shares of the business’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 $1,941,957.18. Following the completion of the transaction, the insider directly owned 311,118 shares in the company, valued at $5,208,115.32. The trade was a 27.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Chen Fang sold 250,000 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 $4,185,000.00. Following the completion of the sale, the executive directly owned 1,233,491 shares in the company, valued at approximately $20,648,639.34. The trade was a 16.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have 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: BitGo and Figure completed the first blockchain‑native equity trades on Figure’s Alternative Trading System, marking a practical milestone for tokenized equities that leverages BitGo’s regulated custody infrastructure — a product win that supports future institutional revenue opportunities. Article Title
• Positive Sentiment: BitGo was named the issuer and primary custodian of FYUSD, a U.S. dollar‑backed stablecoin aimed at institutional use in Asian markets — an expansion that could broaden custody and issuance revenue and deepen BitGo’s role in international stablecoin markets. Article Title
• Positive Sentiment: Multiple major brokerages and research firms initiated coverage or began reporting on BTGO (including Deutsche Bank, Citi, Goldman Sachs, Canaccord, Mizuho, Rosenblatt, Wedbush, Compass Point, Craig Hallum), increasing analyst attention and investor visibility — typically supportive for trading liquidity and valuation discovery. Article Title
• Positive Sentiment: Clear Str LLC upgraded BTGO to a “strong‑buy,” which could attract buyer interest from institutions that follow or mirror that shop’s coverage. Article Title
• Neutral Sentiment: Zacks Research upgraded BTGO to a “hold” — an improvement in coverage but less bullish than a buy/strong‑buy rating; may have mixed impact compared with other more positive broker notes. Article Title

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.