Bakkt

BKKT · NYSE

$5.49−$0.01 (−0.18%)TodayMarket closed · Oct 20, 7:43 PM ET

Prev close $5.50

BKKT analyst rating

BuyConsensus of 2 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy2
Hold0
Underperform0
Sell0

12-month price target · 4 analysts

Average $12.75 (+132.2% upside)

Low: $12.12
Now: $5.49
High: $13.65

Upgrades and downgrades

The latest rating actions, newest first

BKKT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Benchmark	Aug 12, 2026	Maintains	Buy	$19.00 → $12.00	55%
Clear Street	Mar 20, 2026	Maintains	Buy	$39.00 → $21.00	25%
Benchmark	Mar 18, 2026	Maintains	Buy	$40.00 → $22.00	55%

The case for and against

Updated Feb 9, 2026

Bull case

Bakkt Inc is enhancing its path to profitability through significant reductions in operating expenses, positioning the company favorably in the evolving financial technology sector. The introduction of new growth verticals combined with the elimination of legacy costs is anticipated to drive a revenue uplift, facilitating a trajectory towards profitability projected for the first half of 2026. Additionally, a potential re-rating of Bakkt's stock valuation towards lower peer multiples suggests substantial upside potential from current price levels, reflecting optimism around the company's long-term financial prospects.

Bear case

Bakkt Inc. faces significant risks due to a prolonged downturn in cryptocurrency prices, which could severely impact the company's transaction volumes and revenue streams. Additionally, delays in the integration of new partners and the rollout of upgraded trading technology pose further threats to the company's revenue growth potential. Furthermore, any performance issues or integration failures with enterprise clients could damage Bakkt's reputation in an industry that heavily relies on trust and security.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.