BTGO (NYSE:BTGO) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded BTGO from “sell” to “hold”, adding to a mixed but generally positive analyst backdrop for the stock.
• Several other firms recently reiterated or initiated buy/overweight views, and the stock now carries a consensus “Moderate Buy” rating with a $15.32 average price target.
• BTGO shares opened at $12.48; the company recently reported a $1.03 loss per share on $6.16 billion in revenue, slightly above analysts’ revenue expectations.

BTGO (NYSE:BTGO - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other equities analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft assumed coverage on BTGO in a research note on Tuesday, February 17th. They issued a "buy" rating and a $17.00 price objective on the stock. Canaccord Genuity Group restated a "buy" rating and issued a $15.00 target price on shares of BTGO in a research note on Friday, March 27th. Citigroup dropped their price target on BTGO from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, March 18th. Keefe, Bruyette & Woods upgraded BTGO to a "hold" rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company began coverage on BTGO in a report on Tuesday, February 17th. They issued an "overweight" rating and a $13.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.32.

BTGO Stock Performance

Shares of BTGO stock opened at $12.48 on Friday. BTGO has a 52 week low of $7.25 and a 52 week high of $24.50. The stock has a 50-day moving average of $10.06.

BTGO (NYSE:BTGO - Get Free Report) last released its earnings results on Thursday, March 26th. The company reported ($1.03) earnings per share for the quarter. The firm had revenue of $6.16 billion for the quarter, compared to analysts' expectations of $6.11 billion. Research analysts predict that BTGO will post 0.05 earnings per share 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.