BofA views Corpay acquisition of Alpha Group as ‘net positive’

BofA analyst Mihir Bhatia notes that Corpay (CPAY) announced it had reached agreement on the terms of the acquisition of Alpha Group. This comes after the company originally announced it was considering the acquisition on May 2, 2025, in a regulatory filing, the firm notes. The company also announced it was reiterating Q2 guidance. BofA views the deal as a net positive and consistent with Corpay’s recent strategy to build out its cross-border payments business via M&A, which adds capabilities and client roster. The firm maintains a Buy rating on Corpay’s shares with a price target of $379.