Benchmark Raises CompoSecure Price Target to $24 Following Arculus Upgrade
Benchmark has lifted its price target for CompoSecure (NYSE: CMPO) to $24 from $17, citing strong operational momentum, growing M&A optionality, and a product upgrade from its Arculus crypto wallet unit. CMPO shares climbed 2.7% in early trading to around $21.
The stock has surged roughly 61% year-to-date, outpacing the S&P 500, fueled by improved execution after Resolute Holdings acquired a majority stake in September 2024, analyst Mark Palmer noted.
Palmer highlighted Arculus’s partnership with N. Exchange, a non-custodial crypto trading platform, as evidence of the company’s strategic push into digital assets. By integrating multiple liquidity venues and launching a smart order router, Arculus upgraded its cold storage wallets to offer efficient trading alongside secure custody.
Benchmark sees this positioning as giving Arculus a competitive edge, particularly for enterprise users seeking custody, liquidity, and execution in a single platform. The firm reiterated its buy rating and projected FY26 adjusted EBITDA of $174.8 million on $502.9 million in revenue, noting the stock’s compelling valuation if crypto adoption continues to accelerate.
About The Author
More Stories
Franklin Templeton added approximately $150 million in tokenized money market fund shares to the XRP Ledger on Friday, with all newly issued tokens sent to a single wallet. Two subscription transactions recorded on Thursday nearly quadrupled the fund’s token supply on the network.
Apex Group CEO Warns U.S. Clarity Act Delay Could Boost Asia and Middle East
a16z Rebrands Crypto Fund as a16z Frontier to Expand Its Investment Focus