Barclays analyst Ramsey El Assal maintains $Corpay (CPAY.US)$ with a buy rating, and adjusts the target price from $415 to $440.
According to TipRanks data, the analyst has a success rate of 57.4% and a total average return of 3.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Corpay (CPAY.US)$'s main analysts recently are as follows:
Despite the unchanged revisions, there has been a notable multiple expansion, suggesting that expectations for significant growth towards the fourth quarter and into 2025 are ambitious. Nevertheless, there is potential for further expansion of multiples, provided that the company continues to execute its strategy effectively.
The company is navigating difficulties in its U.S. Fleet division, yet there are indications of improvement within its Lodging sector. Expectations are set for organic growth to range between 9%-11% by FY25, driven by a forecasted resurgence in year-over-year growth for the U.S. Fleet business.
Note:
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