{"id":46802,"date":"2025-09-10T14:01:40","date_gmt":"2025-09-10T14:01:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=46802"},"modified":"2025-09-10T14:01:40","modified_gmt":"2025-09-10T14:01:40","slug":"bakkt-rated-buy-with-44-upside-on-stablecoin-growth-potential-clear-street","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=46802","title":{"rendered":"Bakkt Rated Buy With 44% Upside on Stablecoin Growth Potential: Clear Street"},"content":{"rendered":"
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Clear Street initiated coverage of Bakkt (BKKT) with a buy rating and a $14 price target, implying 44% upside after a steep year-to-date decline, the broker said in a research report Tuesday.<\/p>\n

The shares have fallen over 60% this year versus an 11% gain for the S&P 500 stock index. The stock was 0.7% higher, around $9.83, in early trading Wednesday.<\/p>\n

Bakkt has shed non-core units like Loyalty<\/a> and Custody to streamline into a blockchain-native payments platform, trading at just 2.9x projected 2027 EV\/EBITDA, the report noted.<\/p>\n

Its business now rests on two pillars: Crypto Services for institutions and its Digital Transfer and Remittance (DTR) platform, which builds stablecoin payment infrastructure. With strong regulatory footing, a lean cost structure, and higher-margin stablecoin rails, Bakkt is positioned to capture share in the $190 trillion cross-border payments market, analysts led by Brian Dobson wrote.<\/p>\n

Clear Street projects 14% annual revenue growth through 2027, with DTR driving both scale and profitability. <\/p>\n

The broker noted that stablecoin transactions offer nearly double the margin of crypto services, pushing gross profit growth at 66% annually. Adjusted EBITDA is expected to turn positive by early 2026 and hit $49 million in 2027, supported by a $60 million cost reset. <\/p>\n

DTR is slated to launch in 36 countries by late 2025 and expand to 90-plus in 2026, with transaction volume forecast to reach $2.6 billion by 2027, the analysts wrote.<\/p>\n

Bakkt\u2019s institutional-first model avoids reliance on retail crypto adoption, targeting regulated partners like remittance firms and neobanks, the broker said, and Its BitLicense and 50-plus state money transmitter licenses provide one of the strongest compliance frameworks in the U.S., enabling rapid scaling. <\/p>\n

With high-margin stablecoin flows, operating leverage, and a re-rating to peer multiples, Clear Street sees Bakkt as an underappreciated stablecoin infrastructure play with material upside.<\/p>\n

Rival broker Benchmark initiated coverage of Bakkt with a buy rating and a $13 target on Monday.<\/p>\n

Read more: Bakkt Reboots With Fresh Strategy; Initiate at Buy with $13 Price Target: Benchmark<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Clear Street initiated coverage of Bakkt (BKKT) with a buy rating and a $14 price target, implying 44% upside after a steep year-to-date decline, the broker said in a research report Tuesday. The shares have fallen over 60% this year versus an 11% gain for the S&P 500 stock index. The stock was 0.7% higher, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-46802","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=46802"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/46802\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=46802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=46802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=46802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}