Bakkt Share Price Spikes 17% After Analyst Triples Price Target to $40

Bakkt Holdings stock price jumped 17% on Tuesday, adding to its recent rally after Benchmark Company more than tripled its one-year price target on the provider of digital asset services to $40. The investment bank noted growth potential in Bakkt's three main businesses—crypto infrastructure, stablecoin payments, and crypto infrastructure—and its Bitcoin treasury, and called the stock's 170% price jump over a two-week period earlier this month "a validation of the moves" the company's CEO Akshay Naheta has made since taking over his role in August.