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New Buy Rating for Corpay Inc (CPAY), the Technology Giant

Tipranks - Tipranks - Mon Jan 5, 2:40AM CST

KBW analyst Sanjay Sakhrani maintained a Buy rating on Corpay Inc on January 2 and set a price target of $400.00. The company’s shares closed last Friday at $300.59.

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Sakhrani covers the Financial sector, focusing on stocks such as American Express, SLM, and Bread Financial Holdings. According to TipRanks, Sakhrani has an average return of 17.4% and a 73.89% success rate on recommended stocks.

Corpay Inc has an analyst consensus of Moderate Buy, with a price target consensus of $354.11.

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Based on Corpay Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.17 billion and a net profit of $277.94 million. In comparison, last year the company earned a revenue of $1.03 billion and had a net profit of $276.4 million

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