John Todaro, an analyst from Needham, maintained the Buy rating on CompoSecure. The associated price target was raised to $25.00.
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John Todaro has given his Buy rating due to a combination of factors including CompoSecure’s impressive financial performance and strategic initiatives. The company has exceeded expectations with strong card demand and robust margins, driven by increased interest from both traditional banks and fintech companies.
Additionally, the planned acquisition of Husky Technologies is seen as a strategic move to diversify revenue streams and enhance the company’s scale, which could mitigate risks. The raised revenue and adjusted EBITDA estimates for the coming years, alongside the increased price target, further support the positive outlook for CompoSecure’s stock.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $26.00 price target.