Analysts Set BTGO (NYSE:BTGO) Price Target at $15.14

Shares of BTGO (NYSE:BTGO) have been assigned a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, ten have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $15.1364.

A number of analysts recently issued reports on the company. Mizuho lowered their price target on BTGO from $17.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of BTGO in a research note on Friday, March 27th. Zacks Research raised BTGO to a “hold” rating in a research note on Wednesday, February 18th. Keefe, Bruyette & Woods raised BTGO to a “hold” rating in a research note on Tuesday, February 17th. Finally, Rosenblatt Securities decreased their price target on BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th.

BTGO Stock Down 4.2%

Shares of BTGO opened at $5.59 on Thursday. The stock has a fifty day moving average of $9.16. BTGO has a 52-week low of $5.42 and a 52-week high of $24.50.

BTGO (NYSE:BTGO) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The company had revenue of $3.77 billion during the quarter. BTGO’s quarterly revenue was up 112.6% on a year-over-year basis. On average, sell-side analysts anticipate that BTGO will post -0.28 earnings per share for the current fiscal year.

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.