Bernie McTernan, an analyst from Needham, maintained the Buy rating on Compass. The associated price target is $17.00.
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Bernie McTernan has given his Buy rating due to a combination of factors tied to Compass’s latest quarterly results and strategic moves. He highlights that the newly signed three‑year partnership with Rocket is expected to funnel additional buyer leads to Compass agents and create another monetization channel for the company’s “Coming Soon” listings, reinforcing the firm’s ability to keep gaining share in the residential brokerage market.
McTernan also points to Compass’s updated cost‑synergy program as a key driver of his positive stance, noting that management has already executed on $175 million of savings with full benefit expected by the fourth quarter. Furthermore, the company raised its three‑year synergy goal from $300 million to $400 million following the closing of the Anywhere (HOUS) transaction, which he views as improving Compass’s margin potential and overall earnings power, even as detailed estimates are still under review.
In another report released today, TipRanks – Google also reiterated a Buy rating on the stock with a $10.50 price target.