Canaccord initiated coverage of BitGo (BTGO) with a Buy rating and $15 price target The firm likes the company’s custody-driven business model. BitGo is one of the leading global players in institutional digital assets custody, providing cold storage security combined with 24/7 liquidity access for both spot and derivatives, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BTGO:
- BitGo initiated with a Buy at Compass Point
- BitGo initiated with a Buy at Deutsche Bank
- BitGo: Infrastructure-Like Crypto Custody Leader With Durable Moat and Attractive Post-IPO Upside
- BitGo initiated with a Buy at Clear Street
- BitGo initiated with an Outperform at Mizuho