BTGO (NYSE:BTGO) Receives $15.32 Consensus Price Target from Analysts

BTGO (NYSE:BTGO) has earned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $15.3182.

A number of brokerages recently issued reports on BTGO. The Goldman Sachs Group decreased their price objective on shares of BTGO from $12.00 to $10.50 and set a “neutral” rating on the stock in a research note on Friday, March 27th. Rosenblatt Securities decreased their price objective on shares of BTGO from $17.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, March 27th. Citigroup decreased their price objective on shares of BTGO from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Keefe, Bruyette & Woods raised shares of BTGO to a “hold” rating in a research note on Tuesday, February 17th. Finally, Zacks Research raised shares of BTGO to a “hold” rating in a research note on Wednesday, February 18th.

BTGO Trading Up 10.4%

Shares of NYSE:BTGO opened at $12.48 on Friday. The company has a 50 day moving average price of $10.06. BTGO has a 1 year low of $7.25 and a 1 year high of $24.50.

BTGO (NYSE:BTGO) last announced its quarterly earnings data on Thursday, March 26th. The company reported ($1.03) earnings per share (EPS) for the quarter. The company had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.11 billion. As a group, equities analysts predict that BTGO will post 0.05 EPS 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.