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Corpay Inc has a consensus price target of $337.17 based on the ratings of 13 analysts. The high is $376 issued by Baird on April 4, 2024. The low is $285 issued by Wells Fargo on June 5, 2024. The 3 most-recent analyst ratings were released by Jefferies, JP Morgan, and RBC Capital on September 18, 2024, August 20, 2024, and August 8, 2024, respectively. With an average price target of $346 between Jefferies, JP Morgan, and RBC Capital, there's an implied 10.62% upside for Corpay Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Corpay (NYSE:CPAY) was reported by Jefferies on September 18, 2024. The analyst firm set a price target for $375.00 expecting CPAY to rise to within 12 months (a possible 19.89% upside). 22 analyst firms have reported ratings in the last year.
The latest analyst rating for Corpay (NYSE:CPAY) was provided by Jefferies, and Corpay maintained their buy rating.
The last upgrade for Corpay Inc happened on September 3, 2024 when Wolfe Research raised their price target to N/A. Wolfe Research previously had an underperform for Corpay Inc.
The last downgrade for Corpay Inc happened on May 17, 2024 when Wolfe Research changed their price target from N/A to $295 for Corpay Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Corpay, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Corpay was filed on September 18, 2024 so you should expect the next rating to be made available sometime around September 18, 2025.
While ratings are subjective and will change, the latest Corpay (CPAY) rating was a maintained with a price target of $350.00 to $375.00. The current price Corpay (CPAY) is trading at is $312.78, which is out of the analyst’s predicted range.
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