Wedbush Cuts BTGO (NYSE:BTGO) Price Target to $8.00

BTGO (NYSE:BTGO) had its price target cut by Wedbush from $15.00 to $8.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research firms have also weighed in on BTGO. Wall Street Zen lowered shares of BTGO from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of BTGO in a research note on Monday, June 22nd. Rosenblatt Securities lowered their price objective on shares of BTGO from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of BTGO in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.95.

BTGO Price Performance

NYSE BTGO opened at $5.75 on Thursday. The stock has a market capitalization of $666.42 million and a PE ratio of -4.46. The business has a 50 day simple moving average of $5.20 and a two-hundred day simple moving average of $8.23. BTGO has a 1-year low of $4.65 and a 1-year high of $24.50.

BTGO (NYSE:BTGO) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.13). The business had revenue of $4.05 billion during the quarter. On average, analysts anticipate that BTGO will post -0.39 EPS for the current fiscal year.

BTGO declared that its Board of Directors has approved a share buyback program on Wednesday, June 17th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity at BTGO

In other news, CFO Edward Reginelli sold 9,021 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $4.89, for a total transaction of $44,112.69. Following the transaction, the chief financial officer owned 582,489 shares of the company’s stock, valued at approximately $2,848,371.21. The trade was a 1.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Belshe sold 38,691 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $4.89, for a total value of $189,198.99. Following the sale, the chief executive officer owned 798,464 shares in the company, valued at $3,904,488.96. The trade was a 4.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, 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

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.