BTGO (NYSE:BTGO) Given New $10.00 Price Target at Citigroup

BTGO (NYSE:BTGO) had its price target reduced by Citigroup from $17.00 to $10.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

Several other research analysts have also weighed in on BTGO. Rosenblatt Securities dropped their target price on BTGO from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday. Wells Fargo & Company lowered their price target on BTGO from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Thursday. Wedbush dropped their price objective on BTGO from $15.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday. Mizuho cut their price objective on shares of BTGO from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BTGO in a research report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.95.

BTGO Trading Up 3.9%

NYSE BTGO opened at $5.75 on Friday. BTGO has a 1-year low of $4.65 and a 1-year high of $24.50. The company has a market capitalization of $666.42 million and a PE ratio of -4.46. The firm’s fifty day simple moving average is $5.20 and its 200-day simple moving average is $8.23.

BTGO (NYSE:BTGO) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.13). The company had revenue of $4.05 billion during the quarter. As a group, analysts predict that BTGO will post -0.15 EPS for the current year.

BTGO declared that its board has approved a stock buyback program on Wednesday, June 17th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other BTGO news, CEO Michael Belshe sold 38,691 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $4.89, for a total value of $189,198.99. Following the completion of the sale, the chief executive officer owned 798,464 shares of the company’s stock, valued at $3,904,488.96. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Edward Reginelli sold 9,021 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $4.89, for a total value of $44,112.69. Following the sale, the chief financial officer owned 582,489 shares of the company’s stock, valued at approximately $2,848,371.21. This trade represents a 1.53% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 48,464 shares of company stock worth $237,096.

More BTGO News

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Second-quarter revenue surged approximately 80% year over year to about $4.3 billion, while the client base grew 26%. BitGo also announced a $50 million share-buyback program, signaling management’s confidence and potentially supporting the stock. BitGo Holdings Stock Climbs on Revenue Surge and Buyback Plan
• Positive Sentiment: Citigroup maintained a “buy” rating with a $10 price target, while Rosenblatt also retained a “buy” rating at $10. Mizuho kept an “outperform” rating with an $11 target, and Wells Fargo maintained “overweight” at $11—implying substantial upside from recent trading levels. Analyst Ratings and Price Targets
• Positive Sentiment: BitGo said institutional discussions are increasingly shifting toward tokenization, a potentially important long-term growth opportunity for its digital-asset infrastructure and custody businesses. BitGo Institutional Conversations Shift to Tokenization
• Neutral Sentiment: Management’s second-quarter earnings call and presentation provided additional detail on platform expansion, custody demand and the company’s strategy, but investors are weighing growth prospects against near-term profitability. BitGo Q2 2026 Earnings Call Transcript
• Negative Sentiment: BitGo posted a $19 million second-quarter net loss, including an $18.8 million unrealized digital-asset loss, and earnings per share missed consensus estimates. CEO Mike Belshe said performance fell short of expectations, highlighting exposure to crypto prices and trading margins. BitGo Q2 Loss Despite Revenue Surge
• Negative Sentiment: Analysts broadly lowered their targets after the results: Mizuho cut $14 to $11, Wells Fargo $13 to $11, Citigroup $17 to $10, Rosenblatt $15 to $10 and Wedbush $15 to $8. Although ratings remained constructive, the reductions reflect more cautious expectations. BitGo Analysts Cut Forecasts After Q2 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.