Bakkt Holdings Inc (BKKT) has seen a significant price increase of 13.25%, reaching a 20-day high amid the broader market decline, with the Nasdaq-100 down 1.66% and the S&P 500 down 1.01%.
The core catalyst for this movement is Bakkt's announcement of an all-stock acquisition of Distributed Technologies Research (DTR), where Bakkt will issue approximately 9.1 million shares to DTR shareholders. This strategic move is aimed at accelerating Bakkt's development in stablecoin settlement and programmable payments, marking a pivotal shift in the company's focus towards the cryptocurrency sector. Additionally, Bakkt plans to change its corporate name to 'Bakkt, Inc.' effective January 22, 2026, further emphasizing its commitment to growth in this area.
This acquisition has generated extremely bullish sentiment among retail investors, with predictions that BKKT's stock price could reach $30 by the end of the week, reflecting strong confidence in Bakkt's future prospects.
Wall Street analysts forecast BKKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKKT is 39.00 USD with a low forecast of 39.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
Wall Street analysts forecast BKKT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BKKT is 39.00 USD with a low forecast of 39.00 USD and a high forecast of 39.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 13.860
Low
39.00
Averages
39.00
High
39.00
Current: 13.860
Low
39.00
Averages
39.00
High
39.00
Clear Street
Brian Dobson
Buy
downgrade
$42 -> $39
2025-11-10
Reason
Clear Street
Brian Dobson
Price Target
$42 -> $39
AI Analysis
2025-11-10
downgrade
Buy
Reason
Clear Street analyst Brian Dobson lowered the firm's price target on Bakkt to $39 from $42 and keeps a Buy rating on the shares following the Q3 report. The firm reduced EBITDA estimates but sees the company's business simplification setting the stage for growth in 2026.
Clear Street
Brian Dobson
Buy
maintain
$14 -> $42
2025-09-30
Reason
Clear Street
Brian Dobson
Price Target
$14 -> $42
2025-09-30
maintain
Buy
Reason
Clear Street analyst Brian Dobson raised the firm's price target on Bakkt to $42 from $14 and keeps a Buy rating on the shares. The shares are up 245% since the firm launched coverage on September 9, and it sees further upside ahead, the analyst tells investors in a research note. The firm added that Bakkt's stablecoin infrastructure is gaining attention as it is well positioned in the high-growth cross-border payment segment, adding that it believes the stock warrants a higher multiple of 19x, in line with stablecoin peers.
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Clear Street
NULL -> Buy
initiated
$14
2025-09-09
Reason
Clear Street
Price Target
$14
2025-09-09
initiated
NULL -> Buy
Reason
Clear Street initiated coverage of Bakkt with a Buy rating and $14 price target. Despite a 63% year-to-date share decline, the firm believes the risk-reward has now skewed positively as Bakkt is shedding non-core businesses - Loyalty & Custody - and repositioning itself as a lean, blockchain-native payments platform, the analyst tells investors in a research note. Clear Street adds that it sees consolidated revenue for Bakkt growing at a 14% CAGR through 2027, supported by steady performance in Crypto Services and accelerating momentum from the DTR platform.
Benchmark
NULL -> Buy
initiated
$13
2025-09-08
Reason
Benchmark
Price Target
$13
2025-09-08
initiated
NULL -> Buy
Reason
Benchmark initiated coverage of Bakkt with a Buy rating and $13 price target.
About BKKT
Bakkt Intermediate Holdings, Inc., formerly Bakkt Holdings, Inc., provides solutions that enable institutional participation in the digital asset economy - spanning Bitcoin, tokenization, stablecoin payments, and artificial intelligence (AI)-driven finance. The Company operates primarily through Bakkt Crypto Solutions, LLC (Bakkt Crypto). Through Bakkt Crypto’s platform, customers can purchase approved crypto assets, store crypto assets in custodial wallets, liquidate their holdings, and transfer supported crypto assets between a custodial wallet maintained by Bakkt Crypto and external wallets in certain jurisdictions, if enabled by the client. Bakkt Crypto’s proprietary trading platform and relationships with liquidity providers provide access to a wide range of crypto assets and competitive pricing to its customers. Bakkt Crypto holds a New York State virtual currency license (BitLicense), and money transmitter licenses from all states throughout the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
