BTGO (NYSE:BTGO) Upgraded by Clear Str to Strong-Buy Rating

BTGO (NYSE:BTGO) was upgraded by analysts at Clear Str to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

BTGO has been the topic of a number of other reports. Canaccord Genuity Group began coverage on BTGO in a report on Tuesday. They set a “buy” rating and a $15.00 price objective on the stock. Wells Fargo & Company assumed coverage on shares of BTGO in a research note on Tuesday. They issued an “overweight” rating and a $13.00 target price for the company. Citigroup assumed coverage on BTGO in a report on Tuesday. They issued a “buy” rating and a $18.00 target price on the stock. Rosenblatt Securities began coverage on BTGO in a research note on Tuesday. They issued a “buy” rating and a $17.00 target price for the company. Finally, Craig Hallum assumed coverage on shares of BTGO in a research report on Tuesday. They issued a “buy” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.05.

BTGO Price Performance

NYSE:BTGO opened at $10.12 on Tuesday. BTGO has a 52 week low of $9.52 and a 52 week high of $24.50.

Insider Buying and Selling

In related news, COO Jody Mettler sold 25,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $16.74, for a total value of $418,500.00. Following the sale, the chief operating officer directly owned 25,000 shares in the company, valued at $418,500. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CRO Chen Fang sold 250,000 shares of BTGO stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $16.74, for a total transaction of $4,185,000.00. Following the transaction, the executive directly owned 1,233,491 shares in the company, valued at $20,648,639.34. The trade was a 16.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 436,007 shares of company stock worth $7,298,757.

Key Headlines Impacting BTGO

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: Several major firms initiated coverage with bullish ratings and high targets (Citigroup: Buy, $18 target) — Citi’s note is a material positive for investor demand. Citigroup Initiates Coverage on BTGO
• Positive Sentiment: Deutsche Bank initiated with a Buy and a $17 price target, adding institutional credibility to the bullish narrative. Deutsche Bank Initiates Coverage on BTGO
• Positive Sentiment: Mizuho initiated coverage as Outperform ($17 PT) and was reported separately by The Globe and Mail, reinforcing favorable views on BitGo’s custody/revenue model. Mizuho Initiates Buy
• Positive Sentiment: Multiple boutique and sell-side shops (Craig Hallum, Rosenblatt, Canaccord, Wedbush, Cantor Fitzgerald, Clear Street) launched coverage with Buy/Outperform ratings and $15–$18 targets, signaling broad analyst support and potential demand from institutional investors. Craig Hallum Begins Coverage Blockonomi roundup
• Neutral Sentiment: Goldman Sachs began coverage with a Neutral/Hold and an $11.50 target — a less bullish stance that could limit buying enthusiasm near the low-teens. Goldman Sachs Begins Coverage
• Neutral Sentiment: Zacks and other outlets report a Hold/upgrade to Neutral from some shops; mixed coverage means short-term volatility as investors weigh consensus. Zacks coverage note
• Negative Sentiment: Analysts’ notes sit against a steep YTD decline (roughly 41% down year-to-date) and a low recent trading range — valuation skepticism remains and could cap upside until fundamentals reaccelerate. Yahoo Finance commentary

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.