Compass shares are trading higher after the company reported better-than-expected Q4 GAAP EPS results and issued Q1 revenue guidance. Also, Oppenheimer reiterated an Outperform rating on the stock and raised its price target from $5.5 to $6.
Portfolio Pulse from Benzinga Newsdesk
Compass shares surged following the announcement of better-than-expected Q4 GAAP EPS results and optimistic Q1 revenue guidance. Additionally, Oppenheimer reaffirmed an Outperform rating on Compass, increasing the price target from $5.5 to $6.
February 28, 2024 | 4:22 pm
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Compass shares experienced a significant increase after reporting better-than-expected Q4 GAAP EPS results and providing positive Q1 revenue guidance. Oppenheimer also raised its price target for Compass from $5.5 to $6 and reiterated an Outperform rating.
The positive earnings report and optimistic revenue guidance directly contribute to a bullish outlook for Compass shares. The endorsement and price target increase by a reputable analyst firm like Oppenheimer further bolster investor confidence, likely leading to a short-term uptick in COMP's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100