Compass Incorporated (NYSE:COMP) is one of the 10 best real estate services stocks to buy according to hedge funds.
On January 26, Dae Lee of J.P. Morgan initiated coverage of Compass Incorporated (NYSE:COMP) with an Overweight rating. The analyst set a $15 price target, implying almost 25% upside.
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Lee attributed his stance to the company’s margin enhancements, unified technology platform, and transformational inorganic growth strategy that has proven to be highly transformative. He also labeled the company as “premier consolidator in U.S. residential real estate.”
Lee also referred to the company’s merger with Anywhere Real Estate, which he believes has the potential to unlock synergies worth more than $300 million through recurring high-margin revenue.
On January 20, Benjamin Black from Deutsche Bank also upgraded his rating on Compass Incorporated (NYSE:COMP) from Hold to Buy. In the process, he also raised his target price on the stock from $9 to $16, which now results in an upside potential of almost 33% from the prevailing level.
Compass Incorporated (NYSE:COMP) is a technology-led residential real estate brokerage firm. It operates mobile apps and online platforms such as CIRE and Compass to deliver services such as cloud-based CRM, marketing, client service, and title & settlement services. It also enables consumer-grade user interfaces, insightful dashboards, and reporting.
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Disclosure: None. This article is originally published at Insider Monkey.
