Bullish Case: Strong recovery with $780M revenue in 2023 and strategic expansion suggest Bakkt may significantly increase revenue in 2024, boosting stock price.


Bearish Case: Sustained net losses, liquidity concerns, and regulatory uncertainty pose significant threats to Bakkt's financial stability and stock price.


Potential Outcomes:

1. Profitability breakthrough after strategic moves (40%).

2. Continued losses and regulatory struggles lead to insolvency risk (35%).

3. Stabilization at low trading price with moderate volatility (25%).


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April 09, 2024


Bakkt Forecast

BKKT        Bakkt
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with BKKT



BA Forecast + Options Trading Strategies   [BA]  Boeing (0.81)


CHGG Forecast + Options Trading Strategies   [CHGG]  Chegg (0.78)


PENN Forecast + Options Trading Strategies   [PENN]  Penn National Gaming (0.78)


CNXC Forecast + Options Trading Strategies   [CNXC]  Concentrix (0.74)


FXY Forecast + Options Trading Strategies   [FXY]  Invesco CurrencyShares Japanese Yen (0.7)



Uncorrelated Stock Forecasts

Assets with little price relationship to BKKT



UVIX Forecast + Options Trading Strategies   [UVIX]  VS Trust - 2x Long VIX Futures (-0.0)


CERE Forecast + Options Trading Strategies   [CERE]  Cerevel Therapeutics (0.0)


VGK Forecast + Options Trading Strategies   [VGK]  Vanguard FTSE Europe (-0.0)


CM Forecast + Options Trading Strategies   [CM]  Canadian Imperial Bank Of Commerce (0.0)


ABT Forecast + Options Trading Strategies   [ABT]  Abbott Laboratories (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BKKT



J Forecast + Options Trading Strategies   [J]  Jacobs Engineering Group (-0.62)


BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (-0.62)


HMC Forecast + Options Trading Strategies   [HMC]  Honda Motor (-0.62)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.63)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.64)





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