CPAY Price Prediction Next Week
Technical Analysis: CPAY shows a bullish trend in recent trading sessions, with the stock closing at $281.20 on February 23rd. The price has formed higher lows and higher highs, indicating positive momentum.
News Sentiment Analysis:
- Positive catalyst: Corpay launched Multi-Currency Accounts program with 12 major currencies, demonstrating international expansion
- Mixed Q4 2024 results: EPS of $5.36 beat estimates slightly, but revenue of $1.03B missed by $20M
- Strong analyst support: Barclays maintains Buy rating with $440 price target
- Recent analyst consensus shows 6 bullish/somewhat bullish vs 4 neutral ratings, with average price target of $407.70
Price Projection for Next Week: Based on technical indicators and news sentiment:
Target Prices:
- Support level: $275 (recent consolidation base)
- Resistance level: $290 (near-term technical resistance)
- Most likely range: $282-288
Trading Recommendation: BUY
- Entry point: Current price ($281.20)
- Short-term target: $288 (+2.4%)
- Stop loss: $274 (-2.5%)
Rationale:
- Strong institutional support with multiple analyst upgrades
- Positive momentum from new product launch
- Technical indicators showing upward trend continuation
- Company projects 11% organic revenue growth for 2025
The stock is likely to test $288 level next week driven by positive business developments and technical momentum. Risk-reward ratio appears favorable at current levels.
CPAY Similar Chart Price Prediction
The price of CPAY is predicted to go up 6.12%, based on the high correlation periods with BYM. The similarity of these two price pattern on the periods is 94.86%.
CPAY
BYM
Up: 6.12%Similarity: 94.86%
CPAY Revenue Forecast
CPAY EPS Forecast
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CPAY Analyst's Forecast
John Davis
Raymond James
Buy
2025-02-06
Price Target
$434 → $417
Upside
+7.05%
Raymond James lowered the firm's price target on Corpay to $417 from $434 and keeps an Outperform rating on the shares. Corpay reported mixed Q4 results, and the 2025 outlook was mixed as revenue is largely in line with the Street, but EPS is 4% below given macro-related headwinds, the analyst tells investors in a research note. The firm would take advantage of any weakness in the stock to buy shares, as it sees a compelling risk/reward.
Sanjay Sakhrani
Keefe, Bruyette & Woods
Buy
2025-02-06
Price Target
$415 → $445
Upside
+14.23%
Sanjay Sakhrani
Keefe, Bruyette & Woods
Buy
2025-01-06
Price Target
$425 → $415
Upside
+21.21%
