2024-02-01 07:47:15 ET
Summary
- Bakkt has underperformed since going public, with a price return of -84%.
- Potential rebound could be in sight as plan to reach positive adjusted EBITDA to instill confidence seems within reach. At $1.54 today, Bakkt appears undervalued, in my opinion.
- Possibility of a crypto bull run at the end of the year due to two major Bitcoin events would also drive significant boost to transaction volume and top-line growth.
Founded in 2018, Bakkt (BKKT) provides a crypto technology platform offering businesses secure SaaS and API solutions to store and trade crypto. Bakkt is owned by Intercontinental Exchange, which also owns New York Stock Exchange....
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Bakkt: Undervalued Opportunity With Bottom Line Expansion