Citi lowered the firm’s price target on BitGo (BTGO) to $17 from $18 and keeps a Buy rating on the shares. The firm says legislative momentum for the CLARITY Act is “stalled” as key items continued to be debated. Citi reduced estimates in the digital assets space to reflect its bitcoin base forecast declining to $112,000 from $143,000.
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:
- Crypto Currents: Strategy, Bitmine pile in as FOMC looms
- Crypto Currents: SEC, CFTC sign MOU for Joint Harmonization Initiative
- Crypto Currents: CFTC affirms crypto oversight alignment with SEC
- Crypto Currents: Goldman tops ripple funds as bitcoin slips below $70K
- Crypto Currents: Trump truce talk lights up treasuries and tokenized stocks