Bakkt Holdings Inc Announces $300 Million ATM Equity Program, Shares Plummet
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: Benzinga
- Equity Offering Announcement: Bakkt has initiated a $300 million ATM equity program aimed at enhancing financial flexibility and capitalizing on growth opportunities, although no shares have been sold yet, raising concerns about potential dilution in the market.
- Negative Market Reaction: Following the announcement, Bakkt's shares fell by 18.92% to $17.36, reflecting a 39.91% decline over the past year, indicating investor caution regarding the company's future performance.
- Unfavorable Financial Forecast: The next earnings report is expected on March 18, with an estimated loss of 47 cents per share and revenue forecasted at $279.87 million, significantly down from $1.80 billion year-over-year, highlighting the challenges the company faces.
- Technical Indicators Show Weakness: Bakkt's stock is trading well below key moving averages, and the MACD indicates ongoing bearish pressure, suggesting that investors should remain cautious as further downward momentum may be likely.
Analyst Views on BKKT
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
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
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.
