- B. Riley analyst Steve Moss initiated CompoSecure Inc CMPO with a Buy rating and a price target of $17, implying an upside of 131.6%.
- Moss mentions that the company is a premium metal card maker and emergent crypto cold storage provider.
- Moss expects CompoSecure's revenue growth to accelerate as the economic reopening drives metal card issuance.
- The analyst says the company's new crypto cold storage product, Arculus, "adds considerable upside optionality" from potential white-label partnerships.
- Price Action: CMPO shares are trading higher by 5.46% at $7.34 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
