BTGO (NYSE:BTGO) Price Target Lowered to $15.00 at Cantor Fitzgerald

BTGO (NYSE:BTGO) had its price target cut by equities research analysts at Cantor Fitzgerald from $17.00 to $15.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 26.00% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on BTGO. Rosenblatt Securities dropped their price objective on BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a report on Friday, March 27th. Weiss Ratings began coverage on BTGO in a research note on Wednesday, April 15th. They set a “sell (d)” rating on the stock. Wedbush reaffirmed an “outperform” rating and issued a $15.00 price target on shares of BTGO in a research note on Friday, March 27th. Craig Hallum initiated coverage on shares of BTGO in a report on Tuesday, February 17th. They issued a “buy” rating and a $18.00 price target on the stock. Finally, Compass Point initiated coverage on shares of BTGO in a research report on Tuesday, February 17th. They set a “buy” rating and a $17.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $15.14.

BTGO Price Performance

Shares of BTGO stock opened at $11.91 on Thursday. BTGO has a 1-year low of $7.25 and a 1-year high of $24.50. The firm’s 50-day moving average is $10.22.

BTGO (NYSE:BTGO) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.62) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.55). The business had revenue of $3.77 billion during the quarter. BTGO’s revenue was up 112.6% compared to the same quarter last year. As a group, equities research analysts expect that BTGO will post 0.05 EPS for the current fiscal 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.