BTGO (NYSE:BTGO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BTGO (NYSE:BTGO) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the company. Compass Point began coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 target price on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $15.00 target price on shares of BTGO in a report on Friday, March 27th. Zacks Research raised BTGO to a “hold” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft began coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $17.00 target price on the stock. Finally, Craig Hallum began coverage on BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $15.32.

BTGO Trading Up 10.4%

BTGO stock opened at $12.48 on Friday. BTGO has a fifty-two week low of $7.25 and a fifty-two week high of $24.50. The firm has a fifty day moving average price of $10.06.

BTGO (NYSE:BTGO) last posted its earnings results on Thursday, March 26th. The company reported ($1.03) earnings per share for the quarter. The business had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.11 billion. Equities analysts predict that BTGO will post 0.05 EPS for the current 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.