BTGO (NYSE:BTGO – Get Free Report) had its price target cut by equities research analysts at Cantor Fitzgerald from $17.00 to $15.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 68.50% from the company’s current price.
Several other brokerages have also recently commented on BTGO. Canaccord Genuity Group reissued a “buy” rating and set a $15.00 price target on shares of BTGO in a research report on Friday, March 27th. Keefe, Bruyette & Woods raised shares of BTGO to a “hold” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft began coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price target on the stock. Mizuho cut their price target on shares of BTGO from $17.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Finally, Craig Hallum began coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $18.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.14.
View Our Latest Report on BTGO
BTGO Trading Down 9.7%
BTGO (NYSE:BTGO – Get Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.62) 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. BTGO’s quarterly revenue was up 112.6% compared to the same quarter last year. As a group, equities analysts forecast that BTGO will post 0.05 EPS for the current year.
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.
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