Rosenblatt Securities Cuts BTGO (NYSE:BTGO) Price Target to $10.00

BTGO (NYSE:BTGO) had its target price reduced by Rosenblatt Securities from $15.00 to $10.00 in a research note issued to investors on Thursday,Benzinga reports. Rosenblatt Securities currently has a buy rating on the stock.

A number of other analysts also recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of BTGO in a research report on Monday, June 22nd. Wall Street Zen cut shares of BTGO from a “hold” rating to a “sell” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of BTGO in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BTGO has an average rating of “Moderate Buy” and a consensus target price of $12.95.

BTGO Price Performance

Shares of NYSE:BTGO opened at $5.75 on Thursday. The firm has a market capitalization of $666.42 million and a PE ratio of -4.46. The business has a 50-day moving average of $5.20 and a two-hundred day moving average of $8.23. BTGO has a 12 month low of $4.65 and a 12 month high of $24.50.

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

BTGO declared that its board has approved a stock 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 reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Transactions at BTGO

In related news, CEO Michael Belshe sold 38,691 shares of the 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 transaction, the chief executive officer owned 798,464 shares of the company’s stock, valued at approximately $3,904,488.96. This represents a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 firm’s stock in a transaction that occurred on Friday, July 24th. The shares were 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. Insiders sold 48,464 shares of company stock valued at $237,096 in the last three months.

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.