BTGO (NYSE:BTGO) Given Average Recommendation of “Moderate Buy” by Brokerages

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

BTGO has been the subject of several recent research reports. Wall Street Zen lowered shares of BTGO from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Canaccord Genuity Group reiterated a “buy” rating and set a $15.00 target price on shares of BTGO in a research note on Friday, March 27th. Rosenblatt Securities lowered their target price on shares of BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th. The Goldman Sachs Group lowered their target price on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating for the company in a research note on Friday, March 27th. Finally, Weiss Ratings initiated coverage on shares of BTGO in a research note on Wednesday, April 15th. They set a “sell (d)” rating for the company.

BTGO Stock Performance

BTGO opened at $5.14 on Monday. The company has a fifty day moving average of $8.00. BTGO has a 12-month low of $4.66 and a 12-month high of $24.50.

BTGO (NYSE:BTGO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.55). The company had revenue of $3.77 billion for the quarter. The firm’s revenue for the quarter was up 112.6% compared to the same quarter last year. As a group, equities research analysts anticipate that BTGO will post -0.28 EPS for the current fiscal year.

BTGO declared that its board has approved a stock repurchase program on Wednesday, June 17th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

BTGO News Roundup

Here are the key news stories impacting BTGO this week:

• Positive Sentiment: BitGo said the staff reduction is part of a plan to sharpen focus on core business lines, which could support margins over time if the restructuring improves efficiency. BitGo Announces Workforce Reduction to Refocus Core Priorities
• Neutral Sentiment: Multiple law firms have announced or promoted securities class action filings and lead-plaintiff deadlines tied to BitGo’s IPO and securities purchases between January 2025/2026 and May 13, 2026, keeping legal overhang in focus for investors. BitGo Holdings, Inc. (BTGO) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit
• Neutral Sentiment: A class action lawsuit has been filed alleging investor harm and violations of federal securities laws, but these are early-stage allegations rather than a final court ruling. Bronstein, Gewirtz & Grossman LLC Urges BitGo Holdings, Inc. Investors to Act
• Neutral Sentiment: Additional notices from Rosen, Pomerantz, Schall, Kaplan Fox, and others reinforce the same litigation theme, increasing uncertainty but not adding new business information. Pomerantz Law Firm Announces the Filing of a Class Action Against BitGo Holdings, Inc. and Certain Officers
• Negative Sentiment: The lawsuit overhang and repeated deadline reminders may weigh on sentiment because they suggest ongoing legal risk, potential costs, and management distraction for BitGo Holdings, Inc. (NYSE: BTGO). BTGO DEADLINE: The Gross Law Firm Reminds BitGo Holdings, Inc. Investors of Upcoming Securities Class Action Deadline

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.