Benchmark Raises CompoSecure Price Target to $24 Following Arculus Upgrade
Benchmark has raised its price target for CompoSecure (NYSE: CMPO) to $24 from $17, citing strong operational momentum, potential M&A opportunities, and a major upgrade from its Arculus crypto wallet unit. CMPO shares were up 2.7% in early trading, around $21.
The stock has surged roughly 61% year-to-date, outperforming the S&P 500, driven by improved execution after Resolute Holdings acquired a majority stake in September 2024, according to analyst Mark Palmer.
Palmer highlighted Arculus’s new partnership with N. Exchange, a non-custodial crypto trading platform, as a strategic move into digital assets. By integrating multiple liquidity venues and launching a smart order router, Arculus has upgraded its cold storage wallets to support secure, efficient trading.
Benchmark sees this positioning as giving Arculus a competitive edge, especially for enterprise clients seeking custody, liquidity, and execution in a single platform. The broker maintained its buy rating and projects FY26 adjusted EBITDA of $174.8 million on $502.9 million in revenue, noting the stock’s attractive valuation if crypto adoption continues to grow.
