BTGO (NYSE:BTGO) Research Coverage Started at The Goldman Sachs Group

The Goldman Sachs Group began coverage on shares of BTGO (NYSE:BTGO) in a research note published on Tuesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $11.50 price objective on the stock.

Several other equities research analysts have also commented on BTGO. Cantor Fitzgerald started coverage on shares of BTGO in a research note on Tuesday. They set an “overweight” rating and a $18.00 price objective on the stock. Wedbush initiated coverage on BTGO in a research report on Tuesday. They issued an “outperform” rating and a $15.00 price target on the stock. Mizuho assumed coverage on BTGO in a research note on Tuesday. They issued an “outperform” rating and a $17.00 price target on the stock. Wall Street Zen raised BTGO to a “hold” rating in a research report on Saturday, January 31st. Finally, Canaccord Genuity Group initiated coverage on BTGO in a research note on Tuesday. They set a “buy” rating and a $15.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, BTGO presently has an average rating of “Buy” and a consensus price target of $16.05.

BTGO Stock Up 2.6%

NYSE:BTGO opened at $10.53 on Tuesday. BTGO has a 1-year low of $9.52 and a 1-year high of $24.50.

Insiders Place Their Bets

In other BTGO news, CRO Chen Fang sold 250,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $16.74, for a total value of $4,185,000.00. Following the completion of the transaction, the executive owned 1,233,491 shares of the company’s stock, valued at approximately $20,648,639.34. The trade was a 16.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 in the company, valued at approximately $5,208,115.32. The trade was a 27.16% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 436,007 shares of company stock valued at $7,298,757.

BTGO News Summary

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.