Mizuho Securities slashed its price target on BitGo Holdings to $11 from $14, marking the second downward revision this year for a stock that debuted at $18 per share just seven months ago. The culprit: a stalled Digital Asset Market Clarity Act and a crypto market that has not been kind to companies whose revenue depends on digital asset activity.
The bank kept its Outperform rating. Mizuho previously trimmed its target from $17 to $14 earlier this year, so the trajectory has been consistently downward since BitGo’s January 2026 IPO.
A stock that peaked fast and fell faster
BitGo went public in January 2026 at $18 per share. The stock briefly touched highs near $24.50 before declining significantly.
Mizuho described the firm as a “high-growth/recurring revenue business” and highlighted its “military-grade” custody capabilities. The firm holds over $100B in assets on its platform.
