John Todaro, an analyst from Needham, reiterated the Buy rating on CompoSecure (CMPO – Research Report). The associated price target remains the same with $15.00.
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John Todaro has given his Buy rating due to a combination of factors including CompoSecure’s recent financial performance and strategic positioning. The company reported slightly higher than expected revenue and adjusted EBITDA, surpassing both Needham’s and the Street’s estimates. This performance, coupled with the company’s maintained guidance for mid-single-digit growth in sales and EBITDA, suggests a stable outlook.
Furthermore, John Todaro highlights the strong demand for card issuance, particularly in fintech and metal cards, as well as promising developments with Arculus in stablecoin payments. The potential for strategic acquisitions within CompoSecure’s value chain also adds to the positive sentiment. These factors collectively support the Buy rating, indicating confidence in the company’s future growth prospects.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMPO in relation to earlier this year.