BTGO (NYSE:BTGO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of BTGO (NYSE:BTGO) have been given a consensus rating of “Moderate Buy” by the fifteen analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.3182.

BTGO has been the subject of a number of recent research reports. Wall Street Zen cut shares of BTGO from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO in a research note on Tuesday, February 17th. They set a “buy” rating and a $17.00 target price for the company. Rosenblatt Securities lowered their target price on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th. The Goldman Sachs Group lowered their price objective on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 27th. Finally, Wells Fargo & Company assumed coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued an “overweight” rating and a $13.00 price objective for the company.

BTGO Stock Up 3.1%

NYSE:BTGO opened at $10.41 on Friday. The business’s fifty day moving average is $9.95. BTGO has a fifty-two week low of $7.25 and a fifty-two week high of $24.50.

BTGO (NYSE:BTGO) last posted its quarterly earnings data on Thursday, March 26th. The company reported ($1.03) earnings per share for the quarter. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.11 billion. As a group, equities research analysts predict that BTGO will post 0.05 EPS for the current year.

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.