Bakkt’s Share Price Surges Amid Analyst Optimism
- Bakkt’s share price increased by approximately 17% on Tuesday.
- Benchmark Company raised its one-year price target for Bakkt to $40, highlighting potential growth in crypto infrastructure, stablecoin payments, and Bitcoin treasury.
- The stock has seen a significant rally, with a recent two-week jump of about 170%.
- Veteran crypto investor Mike Alfred joined Bakkt’s board, contributing expertise in capital allocation and scaling companies.
- In July, Bakkt sold its loyalty rewards business for $11 million to focus on digital asset infrastructure.
