Bakkt Lifts FY26 Transacting Volume Target to $3B
BKKT sits 24% above its 52-week low of $6.71.
Summary
Bakkt raised its FY26 total transacting volume target to $3 billion, a notable upward revision. This follows a brutal Q2 where revenue collapsed 70% and core operations lost $19.6M, so the raised target suggests management sees improving transaction activity. The company has been under pressure with client losses and weak crypto volumes, making this guidance increase a potential inflection point. Traders will watch whether actual volumes track toward the new target in coming quarters.
At the time of this announcement, BKKT was trading at $8.33 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $372.3M. The 52-week trading range was $6.71 to $49.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.