Bakkt Stock Price Prediction – BKKT Holdings Inc Stock Forecast

Bakkt Stock Price Prediction
Bakkt Stock Price Prediction

Bakkt, the digital asset platform created by Intercontinental Exchange (ICE), which was founded in 2018, has been receiving a lot of attention in the crypto community because it will be the first regulated and federally compliant platform for trading digital assets.

Many people are curious about how Bakkt will affect the stock market and what the future holds for this new platform. In this blog post, we will give our opinion on Bakkt stock price prediction and provide some insights into how Bakkt could potentially impact the stock market.

Bakkt Holdings is currently trading at 2.09 USD. Analysts are expecting bearish trends in its stock prices, which are estimated to be 1.04 USD in 2025, showing a slight rise thereafter in 2026 by hitting 1.17 USD.

About Bakkt (BKKT) Holdings Inc

Bakkt is a digital asset platform founded in 2018 by Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The Bakkt platform is designed to provide a regulated, integrated ecosystem for digital assets. 

This ecosystem includes a physically-delivered futures contract for Bitcoin, an institutional-grade custody solution, and a merchant and consumer application. The Bakkt platform is intended to serve as a foundation for innovation in the digital asset space and help unlock the full potential of blockchain technology. 

The Bakkt team is made up of industry leaders from across the globe, including former Wall Street executives, engineers from Google and Microsoft, and experts in compliance and risk management. Bakkt is headquartered in Alpharetta, Georgia, US.

Bakkt (BKKT) Holdings Financial Performance

Market Cap164.259M
Volume3,191,465
Avg. Volume1,489,603
Enterprise Value-132.84M
Revenue$39.44M
EBITDA Growth-16,504.10%
EBITDA Margin-423.92%
Employees765
Shares Outstanding76.44M
Public Float57.00M
Percent of Float20.84%
52- Week Range1.7 – 24.25
Annualized DividendN/A
Ex-Dividend DateN/A
Dividend YieldN/A
P/E RatioN/A
EPS (TTM)-$9.2853

Profitability

Profit Margin0.00%
Operating Margin (ttm)-463.58%

Cash Flow Statement

Operating Cash Flow (ttm)-184.43M
Levered Free Cash Flow (ttm)-84.55M

Bakkt (BKKT) Holdings Long-Term Forecasts

Bakkt (BKKT) is a cryptocurrency platform that plans to offer federally regulated storage and trading for digital assets. The company has already generated a lot of hype in the crypto world, and many believe that it could be a huge game-changer for the industry. 

Let’s take a closer look at Bakkt’s long-term investment potential and analyze how it could affect the market. 

Bakkt Stock Price Prediction 2022

Bakkt Stock Price Prediction
Bakkt Stock Price Prediction

Square Inc.’s stock is currently trading at 2.09 USD. Analysts have predicted the lowest projection to be at $1.74 and the highest forecast is $2.31. The expected volatility is 24.706%.

Bakkt Stock Price Prediction 2023

BKKT’s stock price is expected to reach $1.68 in 2023, with a low target of $1.48 and a high target of $1.87, according to analyst forecasts, with a likely volatility of 20.976%.

Bakkt Stock Price Prediction 2024

With a low target of $1.14 and a maximum target of $1.53, analysts forecast that the weighted average price of Bakkt Holdings Inc stock will reach $1.31 in 2024. Additionally, they anticipate a 25.757% volatility.

Bakkt Stock Price Prediction 2025

The average price of the stocks of Bakkt Holdings is expected to be $1.14 in 2025, with a low target price of $0.90 and a maximum achievable amount of $1.11. Negative tendencies are expected to prevail and 18.300% price volatility is predicted.

Bakkt Stock Price Prediction 2026

The stock of BKKT Holdings Inc is expected to trade at a weighted average price of $1.17 in 2026, with a low target price of $1.07 and a high potential price of $1.28. Positive tendencies will prevail and 16.597% price volatility is anticipated.

Are BKKT Stocks Buy, Sell, Or Hold?

Wall Street analysts have a Hold rating on BKKT stock. They believe that the stock is overvalued at current levels and recommend that investors wait for a better entry point. BKKT has been one of the best-performing stocks in the market over the last year, but analysts believe that the rally is overdone. 

They are expecting a correction in the stock price in the near term. Hold ratings are given when a stock is expected to underperform the market in the next 12 months. Investors should wait for a better entry point before buying BKKT shares.

Also Check Out:

Conclusion

The Bakkt launch is highly anticipated and will likely have a positive effect on the stock prices of companies that are involved in the crypto space. The Intercontinental Exchange (ICE) has been working on this project for over a year and is well prepared to roll out Bakkt. 

Bakkt will allow institutional investors to trade, store, and spend Bitcoin and other cryptocurrencies. There is pent-up demand from institutional investors who want to get into the crypto market but have been waiting for a regulated platform like Bakkt. Bakkt could be a game changer for the crypto market and could help to legitimize Bitcoin and other cryptocurrencies. 

The Bakkt stock price prediction is bullish, as the company gears up to launch its first product. With a regulated platform and an experienced team, Bakkt is well-positioned to become a dominant player in the digital currency market. Investors should keep an eye on the Bakkt stock price as it continues to grow.

Leave a Comment

close