Wells Fargo & Company Cuts BTGO (NYSE:BTGO) Price Target to $11.00

BTGO (NYSE:BTGO) had its price target reduced by Wells Fargo & Company from $13.00 to $11.00 in a report published on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of BTGO in a research note on Monday, July 13th. Wedbush dropped their price objective on shares of BTGO from $15.00 to $8.00 and set an “outperform” rating on the stock in a research note on Thursday. Rosenblatt Securities cut their price objective on shares of BTGO from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday. Wall Street Zen downgraded shares of BTGO from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of BTGO in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.95.

BTGO Stock Up 3.9%

Shares of BTGO stock opened at $5.75 on Thursday. The stock has a market cap of $666.42 million and a price-to-earnings ratio of -4.46. The business’s fifty day moving average is $5.20 and its 200 day moving average is $8.23. BTGO has a twelve month low of $4.65 and a twelve month high of $24.50.

BTGO (NYSE:BTGO) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.16) 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. Equities research analysts expect that BTGO will post -0.39 earnings per share for the current fiscal year.

BTGO declared that its board has initiated a stock buyback plan on Wednesday, June 17th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Transactions at BTGO

In other news, CEO Michael Belshe sold 38,691 shares of BTGO 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 $189,198.99. Following the completion of the sale, the chief executive officer directly owned 798,464 shares in the company, valued at $3,904,488.96. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available 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 business’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 transaction of $44,112.69. Following the transaction, the chief financial officer directly owned 582,489 shares of the company’s stock, valued at $2,848,371.21. The trade was a 1.53% decrease in their ownership of the stock. 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. In the last ninety days, insiders have sold 48,464 shares of company stock worth $237,096.

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

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.