Bakkt Holdings, Inc.

Bakkt Holdings, Inc.

BKKTยทNYSE

$8.92

-9.0%
TechnologySoftware - Infrastructure

Bakkt Holdings, Inc. operates a digital asset platform. The company's platform enables consumers to buy, sell, convert, and spend digital assets. Its customers include merchants, retailers, and financial institutions. Bakkt Holdings, Inc. has a strategic alliance with the Global Payments to collaborate on use cases starting with enabling cryptocurrency redemption in customer loyalty programs offered by bankcard clients, as well as expanding its banking-as-a-service offerings to include consumer access to cryptocurrency. The company was formerly known as VPC Impact Acquisition Holdings and changed its name to Bakkt Holdings, Inc. The company was founded in 2018 and is headquartered in Alpharetta, Georgia. Bakkt Holdings, Inc. is a subsidiary of Intercontinental Exchange Holdings, Inc.

At a Glance

Live Snapshot
Market Cap$397.94M
EPS-15.7100
P/E Ratio-0.57
Earnings Date08/06/2026
bkkt

Bakkt Holdings, Inc. Street Expectations Map

BKKT ยท NYSE

Wall Street analysts project that BKKT stock may decline over the coming 12 months. The consensus 1-year price target stands at 7.50, with estimates ranging from a low of 2.00 to a high of 13.00.

Lowest Target
2.00
-77.58%
Consensus Target
7.50
-15.92%
Highest Target
13.00
45.74%

The consensus 1-year price target stands at 7.50, with estimates ranging from a low of 2.00 to a high of 13.00.

Analyst Consensus Analysis

Upside Potential

-15.9%

Significant downside risk. Stock trading well above analyst consensus suggests elevated valuation concerns and potential correction.

Analyst Agreement

146.7% spread

High uncertainty. Very wide target spread indicates significant disagreement among analystsโ€”major valuation uncertainty or transformation underway.

Risk-Reward Profile

0.59x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Low

High uncertainty: Wide dispersion indicates analysts struggle to agree on valuationโ€”proceed with caution and independent analysis.

Market Sentiment Insight

Extreme uncertainty: Massive dispersion in price targets reflects fundamental disagreement on business trajectory. This could signal transformation, disruption, or complex valuationโ€”requires deep sector expertise and contrarian mindset.

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Bakkt Holdings, Inc. Forward Estimates of Revenue

BKKT ยท NYSE
Latest Revenue
2.34B
FY 2025
Avg Estimate
2.38B
FY 2026
Estimate Range
2.38B - 2.38B
Analyst Spread

Forward Growth Analysis

Projected Growth+2.1%

Flat growth suggests market maturity or near-term challenges offsetting expansion efforts.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

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Bakkt Holdings, Inc. Forward Estimates of Net Income

BKKT ยท NYSE
Latest Net Income
-107.21M
FY 2025
Avg Estimate
1.98M
FY 2026
Estimate Range
1.98M - 1.98M
Analyst Spread

Forward Growth Analysis

Projected Growth+101.8%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Bakkt Holdings, Inc. Forward Estimates of EPS

BKKT ยท NYSE
Latest EPS
-15.71
FY 2025
Avg Estimate
$0.29
FY 2026
Estimate Range
$0.29 - $0.29
Analyst Spread

Forward Growth Analysis

Projected Growth+101.8%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Bakkt Holdings, Inc. Forward Estimates of EBIT

BKKT ยท NYSE
Latest EBIT
-114.84M
FY 2025
Avg Estimate
-1.07B
FY 2026
Estimate Range
-1.07B - -1.07B
Analyst Spread

Forward Growth Analysis

Projected Growth-833.5%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Bakkt Holdings, Inc. Forward Estimates of EBITDA

BKKT ยท NYSE
Latest EBITDA
-114.23M
FY 2025
Avg Estimate
-1.06B
FY 2026
Estimate Range
-1.06B - -1.06B
Analyst Spread

Forward Growth Analysis

Projected Growth-830.8%

Significant contraction projectedโ€”major business challenges or industry disruption likely.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signalsโ€”some positive indicators offset by concerns about growth or uncertainty.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Bakkt Holdings, Inc. Forward Estimates of SG&A Expense

BKKT ยท NYSE
Latest SG&A Expense
122.56M
FY 2025
Avg Estimate
4.02B
FY 2026
Estimate Range
4.02B - 4.02B
Analyst Spread

Forward Growth Analysis

Projected Growth+3183.1%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage1 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread0%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Limited coverage with volatile estimates: Few analysts covering despite significant projected changes may indicate information gaps or emerging risks.

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Bakkt Holdings, Inc. Insider Positioning

BKKT ยท NYSE

During the last 12 months, insiders have purchased $5.92M and sold $541K worth of BKKT shares, resulting in $5.38M of net buying activity.

3 Months

Bought

585.0K

4.85M

Sold

23.3K

196.93K

Net Activity

+4.7M

+$4.65M

3-6 Months

Bought

0

0.00

Sold

3.2K

32.56K

Net Activity

-33K

-$33K

6-9 Months

Bought

0

0.00

Sold

979

19.83K

Net Activity

-20K

-$20K

9-12 Months

Bought

130.0K

1.07M

Sold

16.2K

291.42K

Net Activity

+783K

+$783K

Top Buyers

1
AM

Alfred Michael

Director

585.0K sharesโ€ข2 transactions

$4.85M

2
NAS

Naheta Akshay Sudhir

Director, Officer: Ceo And President

130.0K sharesโ€ข2 transactions

$1.07M

Top Sellers

1
MAA

Main Andrew A

Director, Officer: Co-Ceo & President

14.4K sharesโ€ข1 transactions

$263K

2
DM

D'Annunzio Marc

Officer: General Counsel & Secretary

16.9K sharesโ€ข5 transactions

$145K

3
AK

Alexander Karen

Officer: Chief Financial Officer

5.8K sharesโ€ข3 transactions

$59K

4
BN

Baes Nicholas

Officer: Chief Operating Officer

3.9K sharesโ€ข3 transactions

$43K

5
HJS

Henderson Joseph Sean-Walsh

Officer: Chief Accounting Officer

2.7K sharesโ€ข3 transactions

$30K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $5.38M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

10.95:1

Exceptional buy/sell ratio. Buying dramatically outweighs sellingโ€”one of the strongest possible insider signals.

Recent Trend (3 Months)

$4.65M

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

High Selling

5 insider sellers vs. 2 buyers. Widespread selling across multiple insiders may signal concerns.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.