CompoSecure stock price target raised to $24 from $17 at Benchmark

Investing.com - Benchmark raised its price target on CompoSecure Inc. (NASDAQ:CMPO), a $2.2 billion market cap payment solutions provider, to $24.00 from $17.00 on Wednesday, maintaining a Buy rating. The move aligns with the broader analyst consensus, which remains strongly bullish on the stock.

The stock has appreciated approximately 61% year-to-date, significantly outperforming the S&P 500’s gain of about 13% during the same period, according to Benchmark.

The firm attributes this performance to steady operational improvements since Resolute Holdings took a majority stake in CompoSecure in September 2024, noting that the company has "sharpened execution and taken visible steps to enhance the platform."

Benchmark highlighted recent developments including the partnership between CompoSecure’s Arculus unit and N. Exchange, a non-custodial cryptocurrency exchange/swap service, along with the concurrent rollout of a smart order router for cold storage wallet holders.

While Benchmark indicates that "the possibility of a game-changing deal remains a central element of the CMPO story," the firm emphasized that recent developments demonstrate management’s ongoing efforts to build momentum for the company and its share price.

In other recent news, CompoSecure Inc. reported its second-quarter earnings for 2025, revealing a notable miss on earnings per share (EPS) but a strong revenue performance. The company posted an EPS of -$0.07, significantly below the expected $0.21, resulting in a surprise of -133.33%. However, revenue exceeded projections, reaching $119.6 million against the forecasted $110.62 million, marking an 8.11% surprise. Additionally, CompoSecure announced its decision to transfer the listing of its Class A common stock from the Nasdaq Global Market to the New York Stock Exchange (NYSE), while retaining its current ticker symbol. The company plans for its shares to start trading on the NYSE on September 23, 2025. In another development, JPMorgan downgraded CompoSecure’s stock from Neutral to Underweight, citing valuation concerns. This decision followed a 25% rally in CompoSecure shares after its second-quarter earnings report. Furthermore, CompoSecure appointed Mary Holt as the new Chief Financial Officer, effective immediately after the filing of the company’s Q3 2025 Quarterly Report.

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