Rosenblatt Maintains Buy on Bakkt Hldgs, Lowers Price Target to $1.7
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Andrew Bond has maintained a Buy rating on Bakkt Holdings (NYSE:BKKT) but has reduced the price target from $2.1 to $1.7.
November 15, 2023 | 12:10 pm
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Rosenblatt analyst Andrew Bond maintains a Buy rating on Bakkt Holdings but lowers the price target to $1.7 from $2.1.
The maintenance of a Buy rating suggests continued confidence in Bakkt Holdings' potential, while the lowered price target indicates a more conservative valuation of the company's stock. This could lead to mixed reactions in the short term, as investors weigh the positive rating against the reduced price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100