From Financial Modeling Prep: 2024-10-29 08:00:08

Morgan Stanley raised Corpay, Inc.’s price target to $325 and maintained an Equal-Weight rating. CPAY’s anticipated Q3 2024 revenue is $1.029 billion with an expected earnings per diluted share of $3.90. Despite positive financial results, CPAY’s stock price fell to $338.92, showing a 0.53% decrease.

Corpay maintains its financial strength with a market cap of $23.53 billion. The company’s Q3 performance includes flat same-store sales and meeting segment expectations. CPAY’s stock trading volume of 1,192,142 shares indicates investor interest. Morgan Stanley’s revised price target reflects confidence in Corpay’s stability in the market.



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