Bakkt Stock Soars 17% as Analyst Triples Price Target to $40 - Crypto Infrastructure Play Heats Up
Wall Street wakes up to crypto infrastructure value as Bakkt shares rocket on bullish analyst call
The Triple-Digit Target Bump
Bakkt's stock surged 17% in today's trading session after a major analyst firm tripled its price target to $40. The dramatic revision signals growing institutional confidence in cryptocurrency infrastructure plays despite broader market uncertainties.
Institutional Crypto Momentum Builds
The price target jump represents one of the most aggressive bullish calls in the digital asset space this quarter. Trading volume spiked 300% above average as investors piled into the crypto custody and trading platform. Analysts point to Bakkt's expanding institutional client roster and regulatory compliance framework as key drivers.
Meanwhile, traditional finance veterans muttered about 'another crypto valuation that makes no sense' while quietly checking their own exposure to digital assets. The market moves forward - with or without the skeptics.
