Bakkt Stock Spikes Past Analysts’ Price Target After Adding Crypto Veteran to Board
Bakkt Holdings’ share price jumped past analysts’ one-year consensus target on Monday after the provider of digital asset services announced that noted crypto investor and entrepreneur Michal Alfred was joining the board.
BKKT rose more than 40% on the day to close at $14.70 per share, its highest level since late July, according to Yahoo Finance data, and above analysts’ average prediction of $13.26. Alfred was a co-founder of Digital Assets Data, a crypto-focused data platform acquired by NYDIG in 2020, and has invested in multiple high profile firms, including Swan Bitcoin and Bitwise Asset Management.
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