Mizuho Cuts BitGo Price Target to $11 From $14, Maintains Outperform
JH Kim
Summary
- Mizuho cut its price target on BitGo, the Nasdaq-listed crypto custody firm, to $11 from $14.
- Mizuho lowered its target price while maintaining its investment rating at Outperform (market outperform).
- Mizuho analysts said that if passage of the CLARITY Act is delayed, BitGo could retain a regulatory advantage over rivals and benefit.
Forecast Trend Report by Period
Mizuho lowered its price target on Nasdaq-listed crypto custody firm BitGo (BTGO) to $11 from $14.
The Block reported on Aug. 14 that Mizuho cut the target while maintaining its Outperform rating.
Mizuho analysts said BitGo's regulatory advantage over competitors could persist if passage of the CLARITY Act is delayed. That could leave the company positioned to benefit.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.