Do Analysts Expect Bakkt Holdings Inc (BKKT) Stock to Rise After It Has Gained 84.31% in a Month?

InvestorsObserver is giving Bakkt Holdings Inc (BKKT) an Analyst Rating Rank of 26, meaning BKKT is ranked higher by analysts than 26% of stocks. The average price target for BKKT is $1.35 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating BKKT a Buy today. Find out what this means to you and get the rest of the rankings on BKKT!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Bakkt Holdings Inc Stock Today?

Bakkt Holdings Inc (BKKT) stock is trading at $1.88 as of 1:00 PM on Friday, Nov 24, a gain of $0.33, or 20.9% from the previous closing price of $1.56. The stock has traded between $1.52 and $1.97 so far today. Volume today is above average. So far 4,475,916 shares have traded compared to average volume of 2,196,632 shares. Click Here to get the full Stock Report for Bakkt Holdings Inc stock.