Rosenblatt analyst Andrew Bond initiated coverage of Bakkt with a Buy rating and $2.20 price target. The analyst is a believer in the potential of digital assets and blockchain technology, and sees a future in which decentralized finance looks similar to traditional finance. Bakkt is positioning itself to "win this evolution" and has the platform and technology to succeed. Bond tells investors in a research note. He says the company has built a scalable infrastructure to help brands and financial institutions better monetize consumers across crypto and fiat.
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