William Blair analyst Andrew Jeffrey has maintained their bullish stance on CPAY stock, giving a Buy rating today.
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Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight Corpay Inc’s potential for growth and competitive positioning. The company is building a strong B2B franchise in areas such as A/P automation, cross-border money movement, and FX risk management, which are expected to drive revenue growth. Management envisions the business growing significantly, with the potential to become a $10 billion enterprise, supported by midteens organic revenue growth and strategic acquisitions.
Despite some reservations about the company’s M&A strategy, Jeffrey sees Corpay as having a compelling risk/reward profile. The company’s diversified B2B offerings, including a substantial cross-border money movement operation, position it well in a large market. Additionally, Corpay’s stablecoin infrastructure is expected to enhance its competitive edge, allowing it to capture market share from traditional banking methods. While there are concerns about limited multiple expansion, the overall outlook remains positive, justifying the Buy rating.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $284.00 price target.