Benchmark has raised its price target for CompoSecure (CMPO) to $24, up from $17, driven by operational momentum and potential mergers and acquisitions. The upgrade follows significant enhancements to CompoSecure's Arculus crypto wallet, including a new partnership with N. Exchange and the integration of advanced trading tools. These developments are expected to strengthen Arculus's position in the competitive crypto custody market. CompoSecure's stock responded positively, rising 2.7% to approximately $21 in early trading.
Benchmark Increases CompoSecure Price Target to $24 Following Arculus Upgrade
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