Compass price target raised to $12 from $11 at UBS

UBS raised the firm’s price target on Compass (COMP) to $12 from $11 and keeps a Buy rating on the shares. The price target increase reflects stronger than expected guidance for Q1, the potential for attach rates to expand another 800 basis points in fiscal 2025, and the FY25 non-GAAP operating expense guidance that was 9% above the firm’s estimates, the analyst tells investors in a research note. The firm continues to see upside to shares from the benefits of the Christie’s acquisition.