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Added to YB: 2024-12-04

Pitch date: 2024-11-30

BKKT [neutral]

Bakkt, Inc.

-68.07%

current return

Author Info

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Company Info

Bakkt, Inc. engages in digital building financial infrastructure. The company offers Bakkt Market solutions which enables institutions to launch secure, compliant, and advanced digital asset brokerage, trading and payment capabilities through a plug-and-play platform; Bakkt Agent provides programmable access to Bakkt’s financial infrastructure through an intelligent software layer that coordinates onboarding, account creation, funding, and global money movement; and Bakkt Global enables Bakkt to expand its technology and infrastructure into international markets through strategic investments in jurisdiction-specific entities operating in regulated financial markets.

Market Cap

$357.8M

Pitch Price

$27.78

Price Target

N/A

Dividend

N/A

EV/EBITDA

-2.40

P/E

-1.47

EV/Sales

0.18

Sector

Capital Markets

Category

turnaround

Show full summary:
Bakkt Holdings, Inc. - $BKKT

BKKT (high-risk, high-reward): ICE-created crypto exchange, struggled with focus & regulation. New CEO, shifting to institutional trading. Potential regulatory clarity under Trump. Q3 volumes up post-election. $177M market cap, undervalued if well-run. Trump Media acquisition rumors. High potential but uncertain timing for profitability.

Read full article (7 min)