Corpay Inc’s Strategic Positioning and Growth Prospects Drive Buy Rating

William Blair analyst Andrew Jeffrey has maintained their bullish stance on CPAY stock, giving a Buy rating yesterday.

Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight Corpay Inc’s strong performance and strategic positioning. The company’s robust execution in the corporate payments segment is expected to enhance its valuation, driven by organic revenue growth and strategic investments in full-stack AP and cross-border partnerships. This positions Corpay to capture market share from traditional banks, which is currently underestimated by the consensus.
Moreover, Corpay’s recent acquisitions, such as Gringo and Zapay, are performing well and contribute to the company’s confidence in achieving over 10% long-term organic revenue growth. The company’s focus on reaccelerating growth in U.S. vehicle payments and lodging segments, along with new product introductions and pricing strategies, supports its 2025 expectations for significant revenue growth, cash EPS, and free cash flow. Additionally, Corpay’s proprietary network in cross-border transactions presents a monetization opportunity, further solidifying its competitive edge.

In another report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $410.00 price target.