Is Corpay, Inc. (CPAY) One of the Cheap Technology Stocks to Invest In According to Hedge Funds?

Corpay, Inc. (NYSE:CPAY) is one of the 12 Cheap Technology Stocks to Invest In According to Hedge Funds.

On February 11, Corpay, Inc. (NYSE:CPAY) announced that its Cross-Border business has signed a multi-year agreement with LIV Golf, extending its successful and exclusive partnership as LIV’s official corporate foreign exchange (FX) provider.

Is Corpay, Inc. (CPAY) One of the Cheap Technology Stocks to Invest In According to Hedge Funds?

Corpay Cross-Border has been offering a range of corporate FX payment solutions to LIV Golf since 2024. With this latest extension agreement, Corpay will continue to provide its comprehensive currency risk management solutions and award-winning global payments services to LIV Golf.

Corpay Cross-Border business extended another partnership deal with Rugby Australia. In a news release on February 9, the company announced that Rugby Australia has signed with them as their official exchange payments partner. In a multi-year deal, Cross-Border will continue to offer its payment services to both the Men’s Australian National Rugby Union Team, the Wallabies, and the Women’s Australian National Rugby Union Team, the Wallaroos.

Out of 18 analysts covering CPAY, 78% have rated the stock as a Buy, while 22% have a Hold rating. CPAY has a consensus average price target of $384, indicating upside potential of more than 13%. Corpay currently trades at a forward price-to-earnings ratio of 11.74.

Corpay, Inc. (NYSE:CPAY) is a corporate payment service provider that assists businesses in managing vehicle-related expenses, lodging expenses, and corporate payments worldwide. The company offers vehicle payment solutions, including fuel, tolls, parking, vehicle compliance, and fleet maintenance.

While we acknowledge the risk and potential of CPAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CPAY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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