Corpay Inc (CPAY) Receives a Buy from Wolfe Research
In a report released today, Darrin Peller from Wolfe Research maintained a Buy rating on Corpay Inc, with a price target of $375.00.
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Peller covers the Technology sector, focusing on stocks such as Fiserv, Affirm Holdings, and Circle Internet Group, Inc. Class A. According to TipRanks, Peller has an average return of 9.1% and a 61.86% success rate on recommended stocks.
Currently, the analyst consensus on Corpay Inc is a Moderate Buy with an average price target of $356.20.
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
Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPAY in relation to earlier this year. Earlier this month, Steven Stull, a Director at CPAY bought 8,000.00 shares for a total of $2,519,840.00.
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- CoreWeave initiated, Unity upgraded: Wall Street’s top analyst calls
- Opco upgrades Corpay to Outperform, sees ‘growth at a discount’
- Corpay upgraded to Outperform from Perform at Oppenheimer
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- Corpay cross-border business enters multi-year agreement with the Blast
