Mizuho views the company as a "high-growth/recurring revenue business," citing a 27% year-over-year increase in the customer base.
BitGo Q2 revenue $4.33B (+79.6% YoY); Mizuho cuts price target to $11 from $14 but retains Outperform. Clarity Act delays extend BitGo's regulatory moat as competitors await market-structure rules; positioned as infrastructure for tokenized securities (DTCC/Canton/Figure).
Delays to U.S. crypto market-structure legislation could benefit crypto custodian BitGo Holding by extending its regulatory head start over competitors.
That's according to Mizuho analysts, who, despite cutting their price target for the company's shares, maintained their Outperform rating.
Mizuho analysts cut their stock price target for BitGo (BTGO) to $11 from $14.
BTGO was changing hands at $5.61 as of 2:47 p.m.
EST, according to The Block's price data.
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Mizuho lowers BitGo price target to $11 from $14 as Digital Asset Market Clarity Act delays and crypto downturn weigh on the…
Keefe Bruyette analyst Stephen Glagola estimates BitGo’s (BTGO) 15% workforce reduction will bring $18M-$29M of cost savings,…
BitGo Holdings Inc (NYSE: BTGO) reported mixed results for Q2, with losses of 16 cents per share and sales of $4.329 billion.…
Deeply oversold with an RSI of 22, BitGo ($BTGO) shares eye a short-term rebound after rallying 7% in premarket trading.
The buyback comes as newly public digital-asset firms face a tougher environment, with crypto markets lagging and investor…
Crypto custodian BitGo is cutting approximately 15% of its workforce, CEO Mike Belshe announced Thursday, as the company…
