Bakkt Holdings (BKKT) The Wall Street Broker Index said in a report on Monday that it tries to restart a few turbulent years.
Benchmark started the company’s coverage with a purchase and a $ 13 -dollar purchase.
The shares increased by 1.3 %, trading about $ 8.63 at the time of publication.
Under the new CEO Akshay Nahita, the company threw its nursery arm and Selling old loyalty worksThe report indicated that the moves aim to simplify the operations and reset the investor’s confidence.
The company’s strategy now depends on three initiatives: the platform “Mediation in the Fund” that allows banks and Fintechs to connect encryption services; The Multinational Treasury Program is based on one of the planners Class in Japan Marusho Hotta And expansion in India and South Korea; The Stablecoin payment network is called Bakkt Agent, developed with distributed technology research (DTR)Analyst Mark Palmer wrote.
Palmer pointed to a major feature, which is the organizational imprint of Bakkt. It has a transmitter licenses for the article in all fifty states, which gives it the compliance trench in a crowded field.
The standard values of Bakkt at 5x EV/eBitda on the expected profits of 2026, fell on a $ 13.
Read more: Bakkt Akshay Nahata names as participations in the payments of Stablecoin payments
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