- Compass Diversified's (CODI, Financial) financial statements for 2022 and 2023 are currently under scrutiny due to issues with its Lugano Holding subsidiary.
- The stock experienced a 2.6% decline in after-hours trading following this announcement.
- Analysts predict a significant upside for CODI, with price targets indicating substantial growth potential.
Compass Diversified Holdings (CODI) has recently declared its financial statements for 2022 and 2023 as unreliable. This announcement comes amidst ongoing investigations targeting its subsidiary, Lugano Holding, where operational irregularities have been detected. This revelation precipitated a 2.6% decline in CODI's stock during after-hours trading.
Analyst Price Targets and Stock Performance Predictions
Three analysts have set one-year price targets for Compass Diversified Holdings, with an average target price of $19.77. High estimates reach $34.00, and low estimates suggest $7.30. This average forecast indicates an impressive upside potential of 215.76% from the current stock price of $6.26. For a comprehensive look at these projections, visit the Compass Diversified Holdings (CODI, Financial) Forecast page.
Additionally, according to five brokerage firms, Compass Diversified Holdings (CODI, Financial) maintains an average brokerage recommendation of 2.4, pointing towards an "Outperform" status. The scale ranges from 1 (Strong Buy) to 5 (Sell), positioning CODI favorably in the eyes of these analysts.
GF Value Estimation and Investment Potential
GuruFocus provides an estimated GF Value for Compass Diversified Holdings (CODI, Financial) of $25.72 within a year. This suggests a remarkable upside potential of 310.86% from the current price of $6.26. This GF Value considers historical trading multiples, past business growth, and future performance estimations to deduce what the stock should ideally trade for. For more detailed insights, explore the Compass Diversified Holdings (CODI) Summary page.
