Mizuho Securities lowers BitGo's target price to $11, maintaining its outperform rating on the market

According to The Block, Mizuho Securities has lowered its target stock price for BitGo from $14 to $11 and maintained a outperforming rating. Mizuho Securities believes that the delay in competitors waiting for the Clarity Act to establish US market rules has given BitGo an advantage. BitGo is the first federally licensed digital asset trust bank owned by a publicly traded company, and its regulatory status does not depend on the passage of new laws.