Citigroup Maintains Sell on Bakkt Hldgs, Lowers Price Target to $0.3
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Peter Christiansen has maintained a Sell rating on Bakkt Holdings (BKKT) and reduced the price target from $0.5 to $0.3.
March 27, 2024 | 5:06 pm
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NEGATIVE IMPACT
Citigroup has maintained a Sell rating on Bakkt Holdings and lowered the price target from $0.5 to $0.3.
The reduction in price target by a significant financial institution like Citigroup, combined with the maintenance of a Sell rating, is likely to negatively impact investor sentiment towards BKKT in the short term. This could lead to a decrease in the stock price as the market adjusts to the new, lower price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100