Bank of America Securities analyst Mihir Bhatia has reiterated their bullish stance on CPAY stock, giving a Buy rating today.
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Mihir Bhatia has given his Buy rating due to a combination of factors that highlight Corpay Inc’s strong performance and future prospects. The company reported impressive third-quarter results with both revenue and adjusted EPS surpassing expectations, leading to an upward revision of its full-year guidance. This growth is underscored by double-digit organic revenue increases in key segments such as Vehicle Payments and Corporate Payments, indicating a robust core business.
Despite concerns about the impact of stablecoins on growth and margins, Corpay Inc continues to deliver solid growth and has provided an optimistic outlook for 2026 with expected organic growth rates of 9-11%. The company’s revenue projections for the fourth quarter also exceed consensus estimates, suggesting continued momentum. While there are areas of concern, such as softness in the lodging business, the overall positive performance and strategic acquisitions like Alpha contribute to the Buy rating, albeit with a slightly lowered price objective to reflect ongoing market challenges.
CPAY’s price has also changed moderately for the past six months – from $328.160 to $261.690, which is a -20.26% drop .