Rosenblatt Maintains Buy Rating for Bakkt Hldgs: Here's What You Need To Know

Rosenblatt has decided to maintain its Buy rating of Bakkt Hldgs BKKT and lower its price target from $1.70 to $0.75.

Shares of Bakkt Hldgs are trading up 13.78% over the last 24 hours, at $0.66 per share.

A move to $0.75 would account for a 13.65% increase from the current share price.

About Bakkt Hldgs

Bakkt Holdings Inc operates technology that connects the digital economy by offering a platform for crypto and redeeming loyalty points. Its institutional-grade technology platform provides a custody solution that caters to more experienced market participants to store crypto and provides consumers, businesses, and institutions with the ability to buy, sell and store crypto in a simple, intuitive digital experience accessed via application programming interfaces (APIs) or embedded web experience, and Loyalty offers a full spectrum of content that clients can make available to its customers when redeeming loyalty currencies. It generates revenue in the form of Subscription and service and Transaction revenue.

About Analyst Ratings

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This article was generated by Benzinga's automated content engine and reviewed by an editor.