
Bakkt Holdings (BKKT) Stock Forecast & Price Target
Bakkt Holdings (BKKT) Analyst Ratings
Bulls say
Bakkt Holdings Inc. is experiencing a positive outlook due to its effective expansion into non-transaction businesses, which is anticipated to enhance trading opportunities as the company's network grows. The successful execution of its global retail initiatives, along with a significant reduction in costs and synergies stemming from the Apex acquisition, positions the company to achieve positive Adjusted EBITDA by the end of next year. Additionally, Bakkt's focus on international growth and the development of high-margin products like staking, in conjunction with fresh capital to accelerate top-line growth, suggests a strategic path forward that aligns with the anticipated expansion of the crypto market.
Bears say
Bakkt Holdings Inc. is facing significant challenges due to the unproven nature of its business lines, which could hinder its operations and overall profitability. Additionally, the company's dependence on the volatile digital asset ecosystem exposes it to headline risks that could dramatically affect its stock performance. Furthermore, failure to keep up with technological advancements and emerging competition may significantly impair Bakkt's future growth prospects.
This aggregate rating is based on analysts' research of Bakkt Holdings and is not a guaranteed prediction by Public.com or investment advice.
Bakkt Holdings (BKKT) Analyst Forecast & Price Prediction
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