Benchmark Raises CompoSecure Price Target to $24 on Arculus Upgrade
- Benchmark increased the price target for CompoSecure (CMPO) from $17 to $24.
- CMPO shares rose by 2.7% in early trading, reaching around $21.
- The stock has surged approximately 61% year-to-date, outperforming the S&P 500.
- Arculus has partnered with N. Exchange to enhance its cold storage wallet capabilities.
- Benchmark projects FY26 adjusted EBITDA at $174.8 million on revenue of $502.9 million.
The upgrade reflects operational momentum and strategic moves in the digital asset space, particularly through Arculus’s new trading tools that integrate custody and liquidity solutions for enterprise users.
With a projected FY26 revenue of $502.9 million, CMPO’s valuation appears compelling as it continues to adapt to increasing crypto adoption and demand for enhanced wallet features.
