Back

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%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


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



SSTI Forecast + Options Trading Strategies   SSTI  ShotSpotter (0.82)


BA Forecast + Options Trading Strategies   BA  Boeing (0.82)


CHGG Forecast + Options Trading Strategies   CHGG  Chegg (0.81)


PENN Forecast + Options Trading Strategies   PENN  Penn National Gaming (0.8)


CNXC Forecast + Options Trading Strategies   CNXC  Concentrix (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to BKKT



CFG Forecast + Options Trading Strategies   CFG  Citizens Financial (-0.0)


CSGP Forecast + Options Trading Strategies   CSGP  Costar Group (0.0)


CCS Forecast + Options Trading Strategies   CCS  Century Communities (0.0)


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


PRAA Forecast + Options Trading Strategies   PRAA  PRA (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BKKT



ERF Forecast + Options Trading Strategies   ERF  Enerplus (-0.64)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (-0.65)


J Forecast + Options Trading Strategies   J  Jacobs Engineering Group (-0.65)


EUO Forecast + Options Trading Strategies   EUO  ProShares UltraShort Euro (-0.66)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.67)





Become a more profitable investor with AI optimized trading strategies






×

Chat with BKKT


 Ask me any question!