CompoSecure stock target updated to $24.

CompoSecure's Stock Target is Increasing

Benchmark analyst Mark Palmer raised the target price for CompoSecure (NYSE: CMPO) shares from $17 to $24. This increase was made considering factors such as the company's strong operational performance and the 61% rise in shares year-to-date.

Palmer noted that the integration of the Arculus wallet unit with N. Exchange and the smart order router position CompoSecure's cold wallet unit as a trading solution for institutional users.

Additionally, with the increase in merger and acquisition (M&A) options, the rise in cryptocurrency adoption could enhance the company's growth potential. Palmer expressed that CompoSecure is projected to have a revenue of $502.9 million and an EBITDA of $174.8 million for the fiscal year 2026.

Wall Street brokerage firm Benchmark raised its stock target for CompoSecure due to significant product updates supported by operational momentum and growth in M&A options. The stock reached approximately $21 with a 2.7% increase in early trading.