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.
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