Corpay price target raised to $415 from $385 at Barclays

Barclays raised the firm’s price target on Corpay (CPAY) to $415 from $385 and keeps an Overweight rating on the shares as part of an earnings preview. While the company’s fiscal Q1 results were mixed, the Q2 beat served as a proof-point in its plan to reaccelerate revenues in the second half of 2024, the analyst tells investors in a research note. The firm expects a more predictable earnings print for Corpay’s relative to prior quarters.