Bakkt Reboots With Fresh Strategy; Initiate at Buy with $13 Price Target: Benchmark

Bakkt's strategic pivot ignites Wall Street optimism as Benchmark slaps a $13 price target on the revived crypto platform.

Fresh capital, fresh vision—Bakkt's overhaul positions it to capture institutional crypto demand that's been simmering on the sidelines.

Because nothing says 'innovation' like a traditional brokerage finally catching up to where crypto natives were five years ago.

This reboot could finally unlock the institutional floodgates—or at least give Wall Street something to talk about besides rate cuts.

Investors bet on 50 basis points rate cut

Key for investors this week will be the two inflation reports of producer price index and consumer price index. PPI is set for release on Wednesday while CPI drops on Thursday, September 11, 2025. 

Wall Street is keen on what the two key inflation reports suggest about the U.S. economy, with investors mindful of last week’s August jobs data. Market analysts say the PPI and CPI reports will provide insights not just into the state of the U.S. economy, but also into whether the Federal Reserve will make a larger rate cut.

Investors largely bet on a 25-basis-point rate cut at the Fed’s meeting next week for most of the past few months. However, given the softer-than-expected jobs data, there has been a marked shift in sentiment, and the market now bets on a potential 50 basis points cut.