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Benzinga
Benzinga
Business
Akanksha Bakshi

B. Riley Is Bullish On CompoSecure, Sees Sharp Upside

  • B. Riley analyst Steve Moss initiated CompoSecure Inc (NASDAQ:CMPO) with a Buy rating and a price target of $17, implying an upside of 131.6%.
  • Moss mentions that the company is a premium metal card maker and emergent crypto cold storage provider.
  • Moss expects CompoSecure's revenue growth to accelerate as the economic reopening drives metal card issuance.
  • The analyst says the company's new crypto cold storage product, Arculus, "adds considerable upside optionality" from potential white-label partnerships.
  • Price Action: CMPO shares are trading higher by 5.46% at $7.34 on the last check Friday.
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