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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...

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Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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. […]

Why this matters

This maps to the Institutional Adoption hub, so it can help confirm whether that theme is gaining breadth across the crypto news cycle.

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