Are Investors Waking Up To The Opportunity In Cross-Border Payments? [Forbes]
Corpay, Inc. (CPAY)
Company Research
Source: Forbes
Cross-border payments is a trillion-dollar market, which businesses have been tapping into for some time. Back in 2021, the cross-border payments industry saw a surge of IPOs from companies – including Payoneer, Flywire, Remitly, dLocal and Wise – that have scaled rapidly on the back of the demand for easier, faster and more cost-effective payments globally. More recently, however, economic uncertainty and raised interest rates have changed the environment for investors. Many have become more focused on profitability over growth, resulting in more scrutiny on spending. Some companies have even delisted from the public market, allowing them to invest in growth without having to explain the impact on their bottom lines. Having said this, several cross-border payments companies saw their share prices rise in Q3 2024, including Corpay (formerly Fleetcor); remittances players Wise and Remitly; and education payments-focused Flywire. B2B-focused payments provider Payoneer also broke ba
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CPAY
News
- Corpay (NYSE:CPAY) sheds 3.7% this week, as yearly returns fall more in line with earnings growth [Yahoo! Finance]Yahoo! Finance
- TA Connections Collaborates with Uber for Business to Help Elevate the Travel Experience for Disrupted PassengersBusiness Wire
- Corpay, Inc. (NYSE: CPAY) had its price target raised by analysts at BMO Capital Markets from $400.00 to $440.00. They now have an "outperform" rating on the stock.MarketBeat
- Corpay Cross-Border Named the Global FX Partner of UFCBusiness Wire
- Corpay, Inc. (NYSE: CPAY) had its price target raised by analysts at Keefe, Bruyette & Woods from $400.00 to $425.00. They now have an "outperform" rating on the stock.MarketBeat
CPAY
Earnings
- 11/7/24 - Beat
CPAY
Sec Filings
- 12/3/24 - Form 8-K
- 11/27/24 - Form 4
- 11/26/24 - Form 144
- CPAY's page on the SEC website