Cantor Fitzgerald Issues Pessimistic Forecast for BTGO (NYSE:BTGO) Stock Price

BTGO (NYSE:BTGO) had its target price cut by 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 26.00% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a $15.00 target price on shares of BTGO in a research report on Friday, March 27th. Weiss Ratings assumed coverage on shares of BTGO in a report on Wednesday, April 15th. They set a “sell (d)” rating on the stock. Wedbush reissued an “outperform” rating and issued a $15.00 price target on shares of BTGO in a report on Friday, March 27th. Rosenblatt Securities dropped their price objective on BTGO from $17.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, March 27th. Finally, Craig Hallum assumed coverage on shares of BTGO in a research note on Tuesday, February 17th. They issued a “buy” rating and a $18.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, BTGO currently has a consensus rating of “Moderate Buy” and an average price target of $15.14.

BTGO Stock Performance

BTGO stock opened at $11.91 on Thursday. BTGO has a fifty-two week low of $7.25 and a fifty-two week high of $24.50. The stock’s 50-day moving average price is $10.22.

BTGO (NYSE:BTGO) 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 business had revenue of $3.77 billion for the quarter. BTGO’s revenue was up 112.6% on a year-over-year basis. As a group, research analysts anticipate that BTGO will post 0.05 earnings per share 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.