A novel approach which combines isogeometric collocation and an equilibrium-based stress recovery technique is applied to analyze laminated composite plates. Isogeometric collocation is an appealing strong form alternative to standard Galerkin approaches, able to achieve high order convergence rates coupled with a significantly reduced computational cost. Laminated composite plates are herein conveniently modeled considering only one element through the thickness with homogenized material properties. This guarantees accurate results in terms of displacements and in-plane stress components. To recover an accurate out-of-plane stress state, equilibrium is imposed in strong form as a post-processing correction step, which requires the shape functions to be highly continuous. This continuity demand is fully granted by isogeometric analysis properties, and excellent results are obtained using a minimal number of collocation points per direction, particularly for increasing values of length-to-thickness plate ratio and number of layers.