Corpay (FLT) Stock Forecast, Price Target & Predictions
FLT Stock Forecast
Corpay stock forecast is as follows: an average price target of $296.71 (represents a -0.68% downside from FLT’s last price of $298.73) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
FLT Price Target
The average price target for Corpay (FLT) is $296.71 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $335.00 to $254.00. This represents a potential -0.68% downside from FLT's last price of $298.73.
FLT Analyst Ratings
According to 5 Wall Street analysts, Corpay's rating consensus is 'Buy'. The analyst rating breakdown for FLT stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 2 'Hold' (40.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Corpay Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 21, 2023 | John Davis | Raymond James | $254.00 | $210.46 | 20.69% | -14.97% |
| Nov 06, 2022 | Ramsey El-Assal | Barclays | $266.00 | $177.17 | 50.14% | -10.96% |
| Feb 09, 2022 | David Togut | Evercore ISI | $326.00 | $252.00 | 29.37% | 9.13% |
| Jan 20, 2022 | Georgios Mihalos | Cowen & Co. | $278.00 | $233.59 | 19.01% | -6.94% |
| Oct 19, 2021 | Darrin Peller | Wolfe Research | $295.00 | $275.41 | 7.11% | -1.25% |
| May 07, 2021 | Peter Christiansen | Citigroup | $335.00 | $285.66 | 17.27% | 12.14% |
| Apr 19, 2021 | Mihir Bhatia | Bank of America Securities | $323.00 | $290.90 | 11.03% | 8.12% |
The latest Corpay stock forecast, released on Mar 21, 2023 by John Davis from Raymond James, set a price target of $254.00, which represents a 20.69% increase from the stock price at the time of the forecast ($210.46), and a -14.97% decrease from FLT last price ($298.73).
Corpay Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $298.73 | $298.73 | $298.73 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Corpay stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Corpay's last price of $298.73. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 11, 2023 | UBS | Neutral | Downgrade | |
| Aug 10, 2023 | Raymond James | Outperform | Outperform | Hold |
| Mar 21, 2023 | Raymond James | Outperform | Upgrade | |
| Jan 31, 2023 | Bank of America Securities | Buy | Upgrade | |
| Aug 04, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 17, 2022 | Citigroup | Buy | Buy | Hold |
Corpay's last stock rating was published by UBS on Oct 11, 2023. The company Downgrade its FLT rating from "null" to "Neutral".
Corpay Financial Forecast
Corpay Revenue Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $937.32M | - | - | $901.33M | $883.61M | - | - | $789.24M | $802.25M | - | - | $608.62M | $617.33M | - | - | $661.09M | $698.88M | - |
| Avg Forecast | $1.27B | $1.28B | $1.23B | $1.14B | $1.15B | $1.17B | $1.11B | $1.03B | $1.05B | $1.07B | $1.02B | $938.97M | $967.01M | $980.19M | $944.99M | $881.07M | $875.28M | $880.28M | $819.85M | $757.67M | $766.85M | $739.99M | $636.92M | $609.96M | $603.26M | $581.08M | $528.34M | $647.08M | $705.41M | $679.83M |
| High Forecast | $1.27B | $1.28B | $1.23B | $1.14B | $1.15B | $1.17B | $1.11B | $1.03B | $1.05B | $1.07B | $1.02B | $942.46M | $973.21M | $994.26M | $944.99M | $881.07M | $875.28M | $880.28M | $819.85M | $757.67M | $766.85M | $739.99M | $636.92M | $609.96M | $603.26M | $581.08M | $528.34M | $647.08M | $705.41M | $679.83M |
| Low Forecast | $1.27B | $1.28B | $1.23B | $1.14B | $1.15B | $1.17B | $1.11B | $1.03B | $1.05B | $1.07B | $1.02B | $936.14M | $962.22M | $973.57M | $944.99M | $881.07M | $875.28M | $880.28M | $819.85M | $757.67M | $766.85M | $739.99M | $636.92M | $609.96M | $603.26M | $581.08M | $528.34M | $647.08M | $705.41M | $679.83M |
| # Analysts | 5 | 8 | 5 | 5 | 9 | 6 | 4 | 4 | 9 | 6 | 5 | 11 | 8 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 10 | 5 | 10 | 7 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | - | - | 1.02% | 1.01% | - | - | 1.04% | 1.05% | - | - | 1.00% | 1.02% | - | - | 1.02% | 0.99% | - |
Corpay's average Quarter revenue forecast for Mar 24 based on 11 analysts is $938.97M, with a low forecast of $936.14M, and a high forecast of $942.46M. FLT's average Quarter revenue forecast represents a 0.18% increase compared to the company's last Quarter revenue of $937.32M (Dec 23).
Corpay EBITDA Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 9 | 6 | 4 | 4 | 9 | 6 | 5 | 11 | 8 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 10 | 5 | 10 | 7 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $508.00M | - | - | $458.68M | $462.25M | - | - | $393.65M | $405.17M | - | - | $329.96M | $358.20M | - | - | $272.45M | $402.03M | - |
| Avg Forecast | $679.90M | $687.91M | $656.65M | $611.50M | $617.42M | $626.94M | $596.27M | $551.99M | $563.25M | $574.25M | $546.10M | $459.95M | $518.03M | $525.09M | $506.23M | $418.14M | $426.94M | $471.57M | $439.19M | $380.13M | $410.80M | $396.41M | $341.20M | $319.08M | $323.17M | $311.28M | $283.03M | $256.09M | $377.89M | $364.19M |
| High Forecast | $679.90M | $687.91M | $656.65M | $611.50M | $617.42M | $626.94M | $596.27M | $551.99M | $563.25M | $574.25M | $546.10M | $551.94M | $521.35M | $532.62M | $506.23M | $501.77M | $512.33M | $471.57M | $439.19M | $456.15M | $410.80M | $396.41M | $341.20M | $382.90M | $323.17M | $311.28M | $283.03M | $307.31M | $377.89M | $364.19M |
| Low Forecast | $679.90M | $687.91M | $656.65M | $611.50M | $617.42M | $626.94M | $596.27M | $551.99M | $563.25M | $574.25M | $546.10M | $367.96M | $515.46M | $521.54M | $506.23M | $334.51M | $341.56M | $471.57M | $439.19M | $304.10M | $410.80M | $396.41M | $341.20M | $255.27M | $323.17M | $311.28M | $283.03M | $204.87M | $377.89M | $364.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | - | - | 1.10% | 1.08% | - | - | 1.04% | 0.99% | - | - | 1.03% | 1.11% | - | - | 1.06% | 1.06% | - |
11 analysts predict FLT's average Quarter EBITDA for Mar 24 to be $459.95M, with a high of $551.94M and a low of $367.96M. This is -9.46% lower than Corpay's previous annual EBITDA (Dec 23) of $508.00M.
Corpay Net Income Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 9 | 6 | 4 | 4 | 9 | 6 | 5 | 11 | 8 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 10 | 5 | 10 | 7 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $255.86M | - | - | $214.84M | $225.32M | - | - | $217.95M | $225.00M | - | - | $184.24M | $209.85M | - | - | $147.06M | $235.51M | - |
| Avg Forecast | $505.43M | $514.42M | $481.77M | $421.19M | $436.98M | $444.93M | $411.39M | $363.26M | $387.27M | $388.38M | $350.49M | $254.76M | $329.42M | $329.96M | $307.02M | $231.60M | $237.10M | $308.11M | $285.66M | $210.54M | $264.47M | $256.04M | $216.05M | $178.17M | $207.01M | $194.78M | $159.92M | $138.23M | $230.59M | $224.44M |
| High Forecast | $505.43M | $514.42M | $481.77M | $421.19M | $436.98M | $444.93M | $411.39M | $363.26M | $387.27M | $388.38M | $350.49M | $305.71M | $332.37M | $334.35M | $307.02M | $277.92M | $284.52M | $308.11M | $285.66M | $252.65M | $264.47M | $256.04M | $216.05M | $213.80M | $207.01M | $194.78M | $159.92M | $165.87M | $230.59M | $224.44M |
| Low Forecast | $505.43M | $514.42M | $481.77M | $421.19M | $436.98M | $444.93M | $411.39M | $363.26M | $387.27M | $388.38M | $350.49M | $203.81M | $322.79M | $324.84M | $307.02M | $185.28M | $189.68M | $308.11M | $285.66M | $168.43M | $264.47M | $256.04M | $216.05M | $142.53M | $207.01M | $194.78M | $159.92M | $110.58M | $230.59M | $224.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | - | - | 0.93% | 0.95% | - | - | 1.04% | 0.85% | - | - | 1.03% | 1.01% | - | - | 1.06% | 1.02% | - |
Corpay's average Quarter net income forecast for Mar 24 is $254.76M, with a range of $203.81M to $305.71M. FLT's average Quarter net income forecast represents a -0.43% decrease compared to the company's last Quarter net income of $255.86M (Dec 23).
Corpay SG&A Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 9 | 6 | 4 | 4 | 9 | 6 | 5 | 11 | 8 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 10 | 5 | 10 | 7 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $227.74M | - | - | $236.28M | $222.74M | - | - | $220.41M | $216.28M | - | - | $160.44M | $138.70M | - | - | $161.97M | $161.49M | - |
| Avg Forecast | $321.96M | $325.75M | $310.95M | $289.57M | $292.37M | $296.88M | $282.36M | $261.39M | $266.72M | $271.93M | $258.60M | $257.63M | $245.31M | $248.65M | $239.72M | $234.21M | $227.91M | $223.31M | $207.98M | $212.92M | $194.53M | $187.72M | $161.57M | $155.15M | $153.03M | $147.41M | $134.03M | $152.24M | $178.94M | $172.46M |
| High Forecast | $321.96M | $325.75M | $310.95M | $289.57M | $292.37M | $296.88M | $282.36M | $261.39M | $266.72M | $271.93M | $258.60M | $309.16M | $246.88M | $252.22M | $239.72M | $281.05M | $273.49M | $223.31M | $207.98M | $255.50M | $194.53M | $187.72M | $161.57M | $186.19M | $153.03M | $147.41M | $134.03M | $182.69M | $178.94M | $172.46M |
| Low Forecast | $321.96M | $325.75M | $310.95M | $289.57M | $292.37M | $296.88M | $282.36M | $261.39M | $266.72M | $271.93M | $258.60M | $206.10M | $244.09M | $246.97M | $239.72M | $187.37M | $182.33M | $223.31M | $207.98M | $170.33M | $194.53M | $187.72M | $161.57M | $124.12M | $153.03M | $147.41M | $134.03M | $121.79M | $178.94M | $172.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.93% | - | - | 1.01% | 0.98% | - | - | 1.04% | 1.11% | - | - | 1.03% | 0.91% | - | - | 1.06% | 0.90% | - |
Corpay's average Quarter SG&A projection for Mar 24 is $257.63M, based on 11 Wall Street analysts, with a range of $206.10M to $309.16M. The forecast indicates a 13.12% rise compared to FLT last annual SG&A of $227.74M (Dec 23).
Corpay EPS Forecast
| Dec 26 | Oct 26 | Jul 26 | Mar 26 | Dec 25 | Oct 25 | Jul 25 | Mar 25 | Dec 24 | Oct 24 | Jul 24 | Mar 24 | Dec 23 | Oct 23 | Jul 23 | Mar 23 | Dec 22 | Oct 22 | Jul 22 | Mar 22 | Dec 21 | Oct 21 | Jul 21 | Mar 21 | Dec 20 | Oct 20 | Jul 20 | Mar 20 | Dec 19 | Oct 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 8 | 5 | 5 | 9 | 6 | 4 | 4 | 9 | 6 | 5 | 11 | 8 | 12 | 10 | 10 | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 10 | 5 | 10 | 7 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $3.48 | - | - | $2.92 | $3.07 | - | - | $2.80 | $2.80 | - | - | $2.21 | $2.51 | - | - | $1.73 | $2.72 | - |
| Avg Forecast | $6.87 | $6.99 | $6.55 | $5.73 | $5.94 | $6.05 | $5.59 | $4.94 | $5.27 | $5.28 | $4.77 | $4.12 | $4.48 | $4.49 | $4.17 | $3.70 | $3.93 | $4.19 | $3.88 | $3.53 | $3.60 | $3.48 | $2.94 | $2.72 | $2.81 | $2.65 | $2.17 | $2.83 | $3.14 | $3.05 |
| High Forecast | $6.87 | $6.99 | $6.55 | $5.73 | $5.94 | $6.05 | $5.59 | $4.94 | $5.27 | $5.28 | $4.77 | $4.16 | $4.52 | $4.55 | $4.17 | $3.70 | $3.93 | $4.19 | $3.88 | $3.53 | $3.60 | $3.48 | $2.94 | $2.72 | $2.81 | $2.65 | $2.17 | $2.83 | $3.14 | $3.05 |
| Low Forecast | $6.87 | $6.99 | $6.55 | $5.73 | $5.94 | $6.05 | $5.59 | $4.94 | $5.27 | $5.28 | $4.77 | $4.07 | $4.39 | $4.42 | $4.17 | $3.70 | $3.93 | $4.19 | $3.88 | $3.53 | $3.60 | $3.48 | $2.94 | $2.72 | $2.81 | $2.65 | $2.17 | $2.83 | $3.14 | $3.05 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | - | - | 0.79% | 0.78% | - | - | 0.79% | 0.78% | - | - | 0.81% | 0.89% | - | - | 0.61% | 0.87% | - |
According to 11 Wall Street analysts, Corpay's projected average Quarter EPS for Mar 24 is $4.12, with a low estimate of $4.07 and a high estimate of $4.16. This represents a 18.43% increase compared to FLT previous annual EPS of $3.48 (Dec 23).