Compass price target raised to $12.50 from $11 at BTIG

BTIG analyst Jake Fuller raised the firm’s price target on Compass (COMP) to $12.50 from $11 and keeps a Buy rating on the shares. Agent count is the biggest driver of growth for the company, and the firm’s tally points to y/y organic growth of about 7%, along with supportive of high-teens GTV – Gross Transaction Value – growth after layering in M&A contributions, the analyst tells investors in a research note.