William Blair analyst Andrew Jeffrey has reiterated their bullish stance on CPAY stock, giving a Buy rating on July 30.
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Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight Corpay Inc’s strong growth potential and strategic positioning in the fintech industry. The company is poised for sustained double-digit organic revenue growth, driven by its robust cross-border B2B business and the integration of USDC, which enhances its competitive edge. The recent Alpha acquisition further strengthens Corpay’s B2B suite, allowing it to offer comprehensive FX management and payment solutions to a wide range of clients, including corporates and crypto firms.
Moreover, Corpay’s disciplined approach to mergers and acquisitions and its focus on complementary technologies have endowed it with a formidable competitive offering. The company’s vehicle payments segment, particularly in Brazil, is also expected to contribute significantly to its growth, with the Gringo acquisition expanding its total addressable market. These strategic moves, coupled with an aggressive sales strategy, suggest that Corpay is well-positioned to accelerate its organic revenue growth, making it an attractive investment opportunity.
In another report released on July 30, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $374.00 price target.