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Analysts lowered their price targets for BitGo after the company reported higher earnings but lower revenue in Q3.

ResultsRead the original at Benzinga
Neutral

BitGo's profit per share rose, but sales fell 50.9% and analysts cut price targets. Analysts kept Buy and Overweight ratings, and BitGo cited an acquisition and wider partnerships, leaving mixed signals.

BTGO · BitGo Holdings Inc

AI read · Neutral

The AI's read

The rise in profit per share points one way, but the 50.9% sales decline points the other. BitGo also completed an acquisition and expanded partnerships, but the report gives no figures for their effect. Analysts lowered their targets but kept Buy and Overweight ratings, so their comments do not settle the mixed reading.

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