Rosenblatt Securities Issues Pessimistic Forecast for BTGO (NYSE:BTGO) Stock Price

BTGO (NYSE:BTGO) had its target price dropped by equities research analysts at Rosenblatt Securities from $17.00 to $15.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Rosenblatt Securities’ target price suggests a potential upside of 95.19% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Mizuho initiated coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued an “outperform” rating and a $17.00 price objective on the stock. Wedbush initiated coverage on shares of BTGO in a research report on Tuesday, February 17th. They set an “outperform” rating and a $15.00 target price for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of BTGO in a research report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 price target on the stock. Citigroup dropped their price objective on shares of BTGO from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Finally, Compass Point initiated coverage on BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.59.

BTGO Trading Down 15.5%

BTGO opened at $7.69 on Friday. The business’s fifty day moving average price is $10.86. BTGO has a one year low of $7.60 and a one year high of $24.50.

BTGO (NYSE:BTGO) last announced its quarterly earnings results on Thursday, March 26th. The company reported ($1.03) earnings per share for the quarter. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.11 billion.

Insider Buying and Selling

In other BTGO news, insider Jeff Peter Horowitz sold 116,007 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 311,118 shares of the company’s stock, valued at $5,208,115.32. This trade represents a 27.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Edward Reginelli sold 45,000 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 transaction of $753,300.00. Following the sale, the chief financial officer owned 539,000 shares of the company’s stock, valued at approximately $9,022,860. This trade represents a 7.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 436,007 shares of company stock worth $7,298,757.

Trending Headlines about BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo announced a partnership with zkSync to build a tokenized deposit platform for banks — a product initiative that could expand addressable market and revenue diversification if adoption and regulatory testing proceed as planned. BitGo (BTGO) Partners with ZKsync to Launch Tokenized Deposit Platform for Banks
• Positive Sentiment: BitGo reported a strong Q4 with revenue jumping substantially (reported as a >400% increase in some coverage) and beat expectations; the company also highlighted its new status as a federally chartered digital asset infrastructure firm — facts that support longer‑term growth thesis. BitGo Holdings Announces Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: Several sell‑side firms continue to carry buy/overweight ratings with mid‑teens price targets (Canaccord, Rosenblatt, Wedbush, Cantor Fitzgerald reaffirmed/maintained bullish views), indicating some analysts still see multi‑quarter upside despite near‑term volatility. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results
• Negative Sentiment: Multiple analysts lowered forecasts and trimmed price targets after the Q4 release; notably Goldman Sachs cut its target and moved to a neutral rating — those downgrades and lowered targets helped trigger selling pressure despite the beat. BitGo Holdings Analysts Cut Their Forecasts After Q4 Results

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.