BTGO (NYSE:BTGO) Given New $11.00 Price Target at Mizuho

BTGO (NYSE:BTGO) had its price target trimmed by Mizuho from $14.00 to $11.00 in a report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently issued reports on BTGO. Wells Fargo & Company cut their price target on shares of BTGO from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday. Wall Street Zen lowered shares of BTGO from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of BTGO in a research report on Monday, July 13th. Cantor Fitzgerald reiterated an “overweight” rating on shares of BTGO in a research note on Monday, June 22nd. Finally, Rosenblatt Securities lowered their price objective on BTGO from $15.00 to $10.00 and set a “buy” rating for the company in a report on Thursday. One research 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.95.

BTGO Stock Performance

Shares of BTGO opened at $5.75 on Friday. The company has a market capitalization of $666.42 million and a P/E ratio of -4.46. BTGO has a one year low of $4.65 and a one year high of $24.50. The stock has a 50-day moving average price of $5.20 and a 200 day moving average price of $8.23.

BTGO (NYSE:BTGO) last posted 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 business had revenue of $4.05 billion during the quarter. As a group, equities research analysts forecast that BTGO will post -0.15 earnings per share for the current fiscal year.

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

Insider Activity

In related news, CFO Edward Reginelli sold 9,021 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $4.89, for a total transaction of $44,112.69. Following the sale, the chief financial officer owned 582,489 shares in the company, valued at $2,848,371.21. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $4.89, for a total transaction of $189,198.99. Following the completion of the transaction, the chief executive officer directly owned 798,464 shares in the company, valued at $3,904,488.96. This represents a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 48,464 shares of company stock valued at $237,096 over the last ninety days.

Trending Headlines about BTGO

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.