BitGo Analysts Slash Their Forecasts After Q2 Results

Benzinga Earnings

08/13

BitGo Holdings Inc (NYSE:BTGO) on Wednesday posted mixed results for the second quarter.

The company reported quarterly losses of 16 cents per share which missed the analyst consensus estimate of losses of 4 cents per share. The company reported quarterly sales of $4.329 billion which beat the analyst consensus estimate of $3.782 billion.

Mike Belshe, CEO of BitGo said, “BitGo continued strengthening its institutional platform during the second quarter. We grew assets on platform, deepened client relationships, streamlined our cost structure, and continued investing in capabilities that make our platform more valuable to clients and the broader ecosystem.”

BitGo shares fell 2.8% to $4.85 in pre-market trading.

These analysts made changes to their price targets on BitGo following earnings announcement.

Rosenblatt analyst Chris Brendler maintained the stock with a Buy and lowered the price target from $15 to $10.
Wedbush analyst Steven Wahrhaftig maintained the stock with an Outperform rating and cut the price target from $15 to $8.

Considering buying BTGO stock? Here’s what analysts think:

Photo via Shutterstock

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The company reported quarterly sales of $4.329 billion which beat the analyst consensus estimate of $3.782 billion.</p>\n<p>Mike Belshe, CEO of BitGo said, “BitGo continued strengthening its institutional platform during the second quarter. We grew assets on platform, deepened client relationships, streamlined our cost structure, and continued investing in capabilities that make our platform more valuable to clients and the broader ecosystem.”</p>\n<p>BitGo shares fell 2.8% to $4.85 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on BitGo following earnings announcement.</p>\n<ul>\n<li>Rosenblatt analyst Chris Brendler maintained the stock with a Buy and lowered the price target from $15 to $10.</li>\n<li>Wedbush analyst Steven Wahrhaftig maintained the stock with an Outperform rating and cut the price target from $15 to $8.</li>\n</ul>\n<p><strong>Considering buying BTGO stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"301\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/13091619/image-374-1024x301.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/13091619/image-374-1024x301.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/13091619/image-374-300x88.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/13091619/image-374-768x226.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/08/13091619/image-374.png 1166w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/08/61174206/bitgo-analysts-slash-their-forecasts-after-q2-results","article_id":"2659291157","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2659291157","pubTimestamp":1786627059,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga Earnings","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"BitGo Holdings Inc (NYSE: BTGO) reported mixed results for Q2, with losses of 16 cents per share and sales of $4.329 billion. 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We grew assets on platform, deepened client relationships, streamlined our cost structure, and continued investing in capabilities that make our platform more valuable to clients and the broader ecosystem.”\nBitGo shares fell 2.8% to $4.85 in pre-market trading.\nThese analysts made changes to their price targets on BitGo following earnings announcement.\n\nRosenblatt analyst Chris Brendler maintained the stock with a Buy and lowered the price target from $15 to $10.\nWedbush analyst Steven Wahrhaftig maintained the stock with an Outperform rating and cut the price target from $15 to $8.\n\nConsidering buying BTGO stock? Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}