Bakkt Shares Still Look Cheap After 170% Rally: Benchmark
Bakkt (BKKT) may have surged 170% in just two weeks, but one Wall Street firm says the rally hasn’t erased the stock’s upside potential. Broker Benchmark raised its price target on the crypto infrastructure company to 13, while reiterating its buy rating on the stock. The shares were 2% higher in early trade, around $26. Even after the run-up, Bakkt trades at just 9.9 times estimated 2026 earnings before interest, taxes, depreciation and amortization (EBITDA), according to Benchmark analyst Mar ...