Bakkt (BKKT) Moat Score: 3/10 (As of Aug. 24, 2026)

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BKKT Bakkt Inc BKKT
71 GF Score
Price $8.18
GF Value $2.70
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Bakkt Moat Score?

Bakkt BKKT -4.77% 71 Moat Score is 3 as of Aug. 24, 2026. GuruFocus rates BKKT with a GF Score™ of 71/100 and a GF Value™ of $2.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 2,833 Software companies, Bakkt ranks better than 84.61% on this metric.

Bakkt has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

Bakkt has No Moat: Bakkt Inc operates in a highly competitive digital asset space with limited market leadership and no significant customer switching costs. The company lacks strong brand strength, durable cost advantages, or significant regulatory barriers, resulting in a very weak competitive position.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Bakkt might have No Moat - Very weak/transient advantages.

Bakkt  (NYSE:BKKT) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Bakkt Moat Score Related Terms

BKKT vs GRRR, TLS, MOVE: Moat Score Comparison

For the Software - Infrastructure subindustry, Bakkt's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bakkt Moat Score vs Software Industry

For the Software industry and Technology sector, Bakkt's Moat Score distribution charts can be found below:

* The bar in red indicates where Bakkt's Moat Score falls into.


BKKT
71GF Score
Bakkt Inc BKKT
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
Bakkt (BKKT) has a Moat Score of 3 as of Aug. 24, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Bakkt ranks #436 out of 2833 companies in the Software industry, placing it in the top 15.4%.
Is Bakkt's Moat Score too high?
Bakkt's current Moat Score is 3. Based on the distribution chart, Bakkt ranks #436 out of 2833 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Bakkt has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bakkt's Moat Score compare to GRRR and TLS?
According to the Software industry distribution chart, Bakkt ranks #436 out of 2833 companies for Moat Score. This places Bakkt in the top 15% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Software company?
A good Moat Score depends on the Software industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Bakkt's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bakkt stock overvalued right now?
Based on GuruFocus' analysis, Bakkt (BKKT) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.70, compared to a current price of $8.18 — trading 203% above its estimated fair value. The current Moat Score is 3. Bakkt's overall GF Score™ is 71/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Bakkt (BKKT), the current Moat Score is 3 as of Aug. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Bakkt (BKKT) Overvalued in 2026?

Based on GuruFocus' analysis, Bakkt stock appears to be overvalued. The current stock price of $8.18 is trading 203% above its estimated GF Value™ of $2.70. GuruFocus considers Bakkt to be Significantly Overvalued.

Key valuation signals for BKKT:

  • Moat Score: 3
  • GF Value™: $2.70 vs. price of $8.18 (203% above fair value)
  • GF Score™: 71/100 with 3 warning signs

No single metric tells the full story. See the BKKT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bakkt Business Description

Address One Liberty Plaza, One Liberty Street, New York, NY, USA, 10006
Bakkt Inc builds digital financial infrastructure designed to support institutional participation in the digital asset economy. The company platform is built to accommodate various digital assets and offers its clients the flexibility to build a product that aligns with its vision and customers' needs. Its services include Bakkt Markets, Bakkt Agent, Bakkt Global.
71GF Score

Get the complete analysis for BKKT

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.18
Price
$2.70
GF Value