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Mizuho Cuts BitGo Price Target to $11 Amid Regulatory Hopes

Guavy AI Editorial Team
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Mizuho, a well-known financial institution, has adjusted its price target for BitGo, a Nasdaq-listed crypto custody firm. The new target is $11, down from $14.

This adjustment comes as Mizuho maintains its investment rating of Outperform, indicating that the company still believes in BitGo's growth potential.

Mizuho analysts point out that if the CLARITY Act is delayed, BitGo may retain a regulatory advantage over its competitors. This could benefit the company in the long run.

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