Strategic Growth Opportunities Propel Corpay Inc. to ‘Buy’ Rating Amid Mastercard Partnership

Jefferies analyst Trevor Williams maintained a Buy rating on Corpay Inc (CPAY – Research Report) today and set a price target of $370.00.

Trevor Williams has given his Buy rating due to a combination of factors that highlight the strategic growth opportunities for Corpay Inc. A significant factor is Mastercard’s $300 million investment in Corpay’s cross-border business, which not only values this segment at a substantial $10.7 billion but also establishes a strategic partnership. This partnership positions Corpay as the exclusive provider of currency risk management and large-ticket cross-border payments for Mastercard’s financial institution clients, enhancing its market reach and growth potential.
Moreover, the partnership is expected to drive incremental growth in Corpay’s cross-border operations by leveraging Mastercard’s extensive network of financial institution clients. This collaboration is anticipated to boost Corpay’s distribution capabilities and foster growth in the cross-border segment by 2-3 percentage points in FY26. Additionally, Corpay’s focus on untapped opportunities with institutional investment managers and its multi-currency account offerings further position the company for growth in key market segments. These strategic moves reinforce Corpay’s status as a leading non-bank FX provider and provide a strong foundation for future valuation increases.

According to TipRanks, Williams is an analyst with an average return of -2.7% and a 45.41% success rate. Williams covers the Technology sector, focusing on stocks such as Corpay Inc, Block, and Fiserv.

In another report released yesterday, Bank of America Securities also maintained a Buy rating on the stock with a $377.00 price target.