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Stock impact report

Benchmark Assigns Buy Rating to Compass (COMP) [Yahoo! Finance]

Compass, Inc. Class A (COMP) 
Company Research Source: Yahoo! Finance
On March 26, Benchmark Securities initiated its coverage on Compass Inc. (NYSE:COMP). The firm assigned a Buy rating to the stock and forecasted a price target of $14. This results in an upside potential of more than 92% at the current level. Photo by Owen Lystrup on Unsplash On February 27, Compass Inc. (NYSE: COMP) released its fourth-quarter revenue figures. They came in at $1.7 billion, exceeding the high end of guidance and expanding by 23% year over year. Furthermore, the company announced a three-year strategic relationship with Rocket Redfin that will yield 1.2 million high-intent leads. From $16.7 million in the previous year, adjusted EBITDA increased by 249% to $58.3 million. Robert Reffkin, the Founder, Chairman, and CEO, stated: “We are pleased to have delivered a record fourth quarter revenue and adjusted EBITDA results, both exceeding the high end of our guidance.” Reffkin unveiled the company's new objective of achieving $400 million in net cost synergies ov Show less Read more
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