Mizuho Analysts See Institutional Tailwinds Lifting Bitgo Shares

Mizuho Securities is betting that Bitgo’s institutional-grade custody model will outweigh its bruising 50% post-IPO decline, initiating coverage with an Outperform rating and a $17 price target. ‘Military-Grade’ — Mizuho Backs Bitgo’s Infrastructure Play Despite Stock Slump In a Feb. 17 note, Mizuho analysts Dan Dolev and Alexander Jenkins launched coverage of Bitgo Holdings Inc. […]