Morgan Stanley Forecasts Strong Price Appreciation for Corpay (NYSE:CPAY) Stock

Corpay (NYSE:CPAY) had its target price lifted by investment analysts at Morgan Stanley from $379.00 to $390.00 in a report released on Thursday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 10.49% from the stock’s current price.

Several other analysts have also recently issued reports on the company. Cantor Fitzgerald upgraded Corpay to a “strong-buy” rating in a research note on Tuesday, January 27th. Scotiabank upgraded Corpay to a “sector outperform” rating in a report on Monday, January 26th. Oppenheimer decreased their price objective on Corpay from $380.00 to $369.00 and set an “outperform” rating for the company in a research note on Monday, January 12th. Williams Trading set a $300.00 price objective on Corpay in a research report on Monday, November 3rd. Finally, UBS Group reduced their target price on shares of Corpay from $340.00 to $315.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $373.00.

Corpay Stock Up 5.4%

Shares of CPAY opened at $352.98 on Thursday. The stock has a market capitalization of $24.69 billion, a PE ratio of 23.47, a P/E/G ratio of 1.03 and a beta of 0.82. Corpay has a 1 year low of $252.84 and a 1 year high of $391.28. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.13 and a current ratio of 0.98. The company’s 50-day simple moving average is $313.85 and its 200-day simple moving average is $304.82.

Corpay (NYSE:CPAY) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $6.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.93 by $0.11. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Corpay had a net margin of 23.62% and a return on equity of 37.13%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.36 earnings per share. Corpay has set its FY 2026 guidance at 25.500-26.500 EPS and its Q1 2026 guidance at 5.380-5.520 EPS. Analysts forecast that Corpay will post 19.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Corpay news, Director Steven T. Stull purchased 8,000 shares of the stock in a transaction that occurred on Friday, December 12th. The stock was purchased at an average cost of $314.98 per share, with a total value of $2,519,840.00. Following the completion of the acquisition, the director directly owned 29,241 shares of the company’s stock, valued at $9,210,330.18. This trade represents a 37.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.04% of the stock is currently owned by insiders.

Institutional Trading of Corpay

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of Corpay by 19.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,362 shares of the company’s stock valued at $410,000 after buying an additional 223 shares during the last quarter. Advisory Alpha LLC lifted its position in Corpay by 9.7% in the fourth quarter. Advisory Alpha LLC now owns 2,805 shares of the company’s stock valued at $844,000 after acquiring an additional 249 shares during the last quarter. Vantage Investment Partners LLC boosted its stake in Corpay by 27.7% in the fourth quarter. Vantage Investment Partners LLC now owns 166,994 shares of the company’s stock valued at $50,254,000 after acquiring an additional 36,225 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Corpay by 111.3% during the fourth quarter. Global Retirement Partners LLC now owns 300 shares of the company’s stock worth $90,000 after purchasing an additional 158 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Corpay during the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Key Corpay News

Here are the key news stories impacting Corpay this week:

• Positive Sentiment: Q4 beat — Corpay reported Q4 EPS of $6.04 and revenue of ~$1.25B, topping consensus and showing ~20.7% revenue growth year-over-year; earnings strength and margin expansion were cited on the call. Corpay’s Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Big-bank upgrades — JPMorgan raised its price target to $390 and keeps an overweight stance, signaling confidence in the company’s growth trajectory and upside potential. Corpay Price Target Raised to $390 at JPMorgan Chase & Co.
• Positive Sentiment: Morgan Stanley lift — Morgan Stanley also bumped its target to $390 and maintains an overweight rating, reinforcing the bullish analyst tone. Corpay price target raised by Morgan Stanley
• Positive Sentiment: Portfolio focus — Corpay agreed to sell PayByPhone (non-core vehicle payments asset), underscoring a strategic shift toward higher-growth corporate payments and cleaner portfolio mix. Investors view the move as sharpening the company’s corporate-payments focus. Corpay Refines Portfolio As PayByPhone Sale Highlights Corporate Payments Focus
• Positive Sentiment: Operational momentum — Coverage pieces and a deep-dive note highlight acquisitions and corporate-payments growth as drivers of positive momentum and re-rating potential. CPAY Q4 Deep Dive: Acquisitions and Corporate Payments Drive Positive Momentum
• Positive Sentiment: Investor theses — Independent bullish commentary argues Corpay is underappreciated as a payments infrastructure business rather than a commodity payments provider, supporting a longer-term upside case. Corpay, Inc. (CPAY): A Bull Case Theory
• Neutral Sentiment: RBC raised its target to $363 with a sector-perform rating — another upward revision but less bullish than the $390 targets, reflecting some analyst dispersion on valuation. Corpay price target raised by RBC Capital
• Negative Sentiment: Mizuho’s take is more cautious — Mizuho raised its target to $340 but kept a neutral rating; that target sits below current levels, implying limited near-term upside from that shop. Corpay price target raised by Mizuho
• Negative Sentiment: Near-term guidance miss — Corpay set Q1 FY2026 EPS guidance of $5.38–$5.52, below the consensus (~$5.82), which introduces some short-term uncertainty despite a stronger FY outlook. (Guidance disclosed in earnings release)

About Corpay

Corpay (NYSE:CPAY) is a global payments and fintech company that provides businesses with tools to manage, move and optimize corporate spend. The company focuses on commercial payments, foreign exchange and cross-border transactions, aiming to simplify treasury operations and reduce friction in business-to-business payments through technology-driven solutions.

Its product offering includes payment processing and accounts payable automation, corporate and virtual card programs, expense management tools, and foreign-exchange hedging and execution services for international payments.