Corpay (CPAY) has been making several prominent strategic moves in the recent past. It has become the official foreign exchange partner for
SK Slavia Praha and other sports organizations, indicating a significant expansion in its services within the sporting industry. Notably, acceptance from
major investment firms is apparent as Charles Schwab Investment Management purchased a considerable amount of Corpay shares. Furthermore, analysts have assigned a
consensus target price of $399.71 to its stocks. In the lending sphere, Corpay has upsized its
credit facility by $750 million, indicating strong credit profile and growth plans. On the acquisition front, the company plans to acquire Gringo, a leading Brazilian mobile payments company, potentially transforming Brazil's
$100B vehicle payment market. Despite the BofA's lowered price targets and minor stock shed, Wolfe Research remains upbeat about Corpay's prospects. Meanwhile, the
Q4 2024 earnings report showcased solid revenue growth alongside strategic acquisitions. However, the company's CFO, Tom Panther, is set to leave in March 2025. Ultimately, Corpay is gearing up to hit its $1.5B revenue target set for 2025 following these decisive deals.
Corpay CPAY News Analytics from Mon, 17 Jun 2024 07:00:00 GMT to Sat, 08 Mar 2025 09:03:39 GMT -
Rating 7
- Innovation 4
- Information 9
- Rumor -2
