BTIG Assumes Compass Inc. (COMP) at Buy

BTIG analyst Jake Fuller assumes coverage on Compass Inc. (NYSE: COMP) with a Buy rating and a price target of $9.00.

The analyst comments "We assume coverage of COMP with a Buy rating and 12-month PT of $9. Highlights: 1. COMP has evolved from growth-at-all-costs start-up to FCF-positive industry leader with ramping EBITDA profits & GAAP net income on the radar with or without an EHS rebound, 2. Aggressive cost cuts, financial discipline and agent growth should yield significant recovery leverage w/COMP positioned to deliver ~$650M of EBITDA when EHS does eventually recover, 3. Visibility into the timing of recovery remains very low, but our reverse-DCF work suggests that the stock is discounting a 5-year EHS recovery timeline, and we don't think that is particularly challenging."

For an analyst ratings summary and ratings history on Compass Inc. click here. For more ratings news on Compass Inc. click here.

Shares of Compass Inc. closed at $6.41 yesterday.

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