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Bakkt Holdings, Inc. Class A ( (BKKT) ) has shared an announcement.
Bakkt Holdings, Inc. announced several operational updates, including the acquisition of a 30% stake in Marusho Hotta Co., Ltd., with Phillip Lord becoming CEO of MHT. An extraordinary general meeting of MHT’s shareholders is expected in October 2025 to discuss changes in corporate purpose and stock issuance. On August 26, 2025, Public Platform LLC notified Bakkt of its intent to offboard customers by October 31, 2025, impacting a significant portion of Bakkt’s crypto services revenue. Additionally, Bakkt is finalizing the sale of its loyalty and travel redemption business by Q3 2025 and has signed a nonbinding letter of intent with ICE Digital Trust, LLC for digital asset custody services.
The most recent analyst rating on (BKKT) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Bakkt Holdings, Inc. Class A stock, see the BKKT Stock Forecast page.
Spark’s Take on BKKT Stock
According to Spark, TipRanks’ AI Analyst, BKKT is a Neutral.
Bakkt Holdings, Inc. faces significant financial challenges, particularly in profitability and cash flow management, which heavily impact its overall score. The technical analysis indicates bearish momentum, further weighing down the score. Valuation concerns, driven by a negative P/E ratio and lack of dividend yield, also contribute to the low score. While strategic initiatives and corporate events are positive, they are not enough to offset the financial and technical weaknesses.
To see Spark’s full report on BKKT stock, click here.
More about Bakkt Holdings, Inc. Class A
Bakkt Holdings, Inc. is a company focused on transforming into a pure-play crypto infrastructure enterprise. It has acquired a significant stake in Marusho Hotta Co., Ltd., a company listed on the Tokyo Stock Exchange, as part of its strategic transformation.
Average Trading Volume: 1,018,756
Technical Sentiment Signal: Strong Sell
Current Market Cap: $187.3M
For a thorough assessment of BKKT stock, go to TipRanks’ Stock Analysis page.