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$300 Million Synergies Expected for Compass (COMP) Following Merger With Anywhere
Yahoo Finance· 2026-02-08 15:00
Group 1 - Compass Incorporated (NYSE:COMP) is recognized as one of the top 10 real estate services stocks to buy according to hedge funds [1] - J.P. Morgan analyst Dae Lee initiated coverage of Compass with an Overweight rating and set a price target of $15, indicating a potential upside of nearly 25% [1][2] - Deutsche Bank analyst Benjamin Black upgraded his rating on Compass from Hold to Buy, raising the target price from $9 to $16, which reflects an upside potential of approximately 33% [3] Group 2 - The company is characterized as a technology-led residential real estate brokerage, utilizing mobile apps and online platforms to provide various services including cloud-based CRM and marketing [4] - Lee highlighted the company's margin enhancements and unified technology platform, along with a transformational inorganic growth strategy, particularly noting the merger with Anywhere Real Estate that could unlock over $300 million in synergies [2]