Reported 15 days ago
Benchmark has increased its price target for CompoSecure (CMPO) to $24, up from $17, driven by operational growth, merger opportunities, and a major upgrade in its Arculus crypto wallet. The stock rose 2.7% after the announcement and has seen a 61% rise this year. Analysts note Arculus's partnership with N. Exchange as a significant step in enhancing its digital assets strategy, positioning it favorably against competitors. Benchmark maintains a buy rating, projecting strong future earnings driven by increased crypto adoption.
Source: YAHOO