Corpay (CPAY) has posted impressive financial results for Q1 2025, with quarterly profit on the rise and strong
revenue growth of 7.5% Y/Y as it beat estimates. Various investment firms have adjusted their price targets on the company, with JPMorgan cutting the stock price target to $400, maintaining its rating, while BMO Capital lifts the stock target to $410.
MasterCard has also invested in a 3% stake in Corpay’s Cross-Border Business and has formed exclusive agreements. Meanwhile, Corpay alongside
TPG has agreed to acquire
AvidXchange for $2.2 billion in a take-private deal. However, UK-based Alpha Group has rejected an all-cash proposal from Corpay. The firm also annoounced strategic partnerships and continued to increase its presence in Europe with the opening of a Luxembourg office, intending to become the official FX partner of SK Slavia Praha. Its focus on strategic partnerships and investments highlights its dedication to future growth.
Corpay CPAY News Analytics from Thu, 07 Nov 2024 08:00:00 GMT to Sat, 10 May 2025 04:40:53 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
