Compass Inc. (COMP) PT Raised to $6 at Needham

Needham analyst Bernie McTernan raised the price target on Compass Inc. (NYSE: COMP) to $6.00 (from $5.00) while maintaining a Buy rating.

The analyst commented: "We reiterate our Buy rating and increase our PT to $6 following better than expected 2Q results and the introduction of 3030 vision which provides the framework for a significant bull case in the coming years. COMP's goal is to double their market share to 30% in their top 30 cities, along with the housing market getting back to mid cycle and continued fix cost discipline we think this scenario could result in $1B of adj. EBITDA in '27E (vs the current $2B-$3B EV). On the downside, COMP continues to dismiss fears over the impact of the NAR settlement, indicated buyside brokers are not seeing a noticeable change in commissions in the MLS's that cut over before the August 17 deadline."

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