WEX (NYSE:WEX) Price Target Raised to $178.00

WEX (NYSE:WEX) had its target price increased by Morgan Stanley from $172.00 to $178.00 in a research note issued to investors on Tuesday morning, Marketbeat reports. They currently have an equal weight rating on the business services provider’s stock.

WEX has been the subject of several other research reports. Cantor Fitzgerald set a $178.00 price objective on shares of WEX in a research report on Monday, July 27th. Mizuho lifted their price target on shares of WEX from $170.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings upgraded shares of WEX from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Keefe, Bruyette & Woods boosted their price target on shares of WEX from $200.00 to $210.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of WEX in a research note on Thursday, September 24th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, WEX has an average rating of “Hold” and a consensus target price of $187.00.

WEX Price Performance

Shares of NYSE WEX opened at $183.38 on Tuesday. The stock’s 50-day simple moving average is $186.36 and its 200-day simple moving average is $164.42. The firm has a market capitalization of $6.25 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.84. WEX has a fifty-two week low of $125.29 and a fifty-two week high of $203.99. The company has a debt-to-equity ratio of 2.62, a quick ratio of 1.04 and a current ratio of 1.04.

WEX (NYSE:WEX) last announced its quarterly earnings results on Wednesday, October 28th. The business services provider reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.45. The firm had revenue of $780.10 million during the quarter, compared to the consensus estimate of $749.74 million. WEX had a return on equity of 44.56% and a net margin of 14.05%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.59 earnings per share. As a group, equities research analysts forecast that WEX will post 17.32 EPS for the current fiscal year.

Insider Transactions at WEX

In other news, COO Carlos Carriedo sold 1,075 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $186.00, for a total transaction of $199,950.00. Following the transaction, the chief operating officer directly owned 11,076 shares in the company, valued at approximately $2,060,136. This trade represents a 8.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Robert Deshaies sold 2,000 shares of WEX stock in a transaction on Monday, October 5th. The shares were sold at an average price of $173.56, for a total transaction of $347,120.00. Following the completion of the transaction, the chief operating officer directly owned 17,288 shares in the company, valued at $3,000,505.28. The trade was a 10.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 34,527 shares of company stock valued at $6,558,910 over the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On WEX

A number of institutional investors and hedge funds have recently made changes to their positions in WEX. ProShare Advisors LLC acquired a new position in shares of WEX in the 3rd quarter worth approximately $205,000. State of Wyoming raised its position in shares of WEX by 42.2% during the 3rd quarter. State of Wyoming now owns 1,318 shares of the business services provider’s stock valued at $222,000 after acquiring an additional 391 shares in the last quarter. Choreo LLC raised its position in shares of WEX by 3.6% during the 3rd quarter. Choreo LLC now owns 3,187 shares of the business services provider’s stock valued at $538,000 after acquiring an additional 110 shares in the last quarter. Level Wealth Management LLC bought a new position in WEX during the third quarter worth $211,000. Finally, Fifth Third Wealth Advisors LLC lifted its stake in WEX by 6.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 6,600 shares of the business services provider’s stock worth $1,113,000 after purchasing an additional 398 shares during the last quarter. 97.47% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about WEX

Here are the key news stories impacting WEX this week:

• Positive Sentiment: WEX reported third-quarter adjusted EPS of $6.13, well above the $5.68 consensus estimate, while revenue rose 12.8% year over year to a record $780.1 million, ahead of expectations near $750 million. WEX Inc. Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised full-year 2026 revenue guidance to $2.97 billion-$2.99 billion and adjusted EPS guidance to $21.28-$21.48. It also expects fourth-quarter revenue of $760 million-$780 million. WEX Inc. Raises Revenue Guidance for Full Year 2026
• Positive Sentiment: Mobility revenue increased 20.6%, total payment volume grew 18.5% to $78.5 billion, and WEX repurchased approximately $200 million of stock during the quarter plus another $75 million through October 26. WEX Q3 Revenue Rises 12.8% to $780.1 Million
• Positive Sentiment: WEX highlighted pricing improvements, new business wins and expanding margins, while continuing to deploy artificial intelligence across its products. Its partnership with Euclid AI is intended to bring agentic tools to trucking fleets, potentially supporting future growth and customer retention. WEX Earns Record Quarterly Revenue While Deploying AI Across Products
• Neutral Sentiment: Morgan Stanley increased its price target, reinforcing positive analyst sentiment, although the stock’s reaction suggests expectations may already have incorporated much of the strong performance. WEX Stock Gets Price Target Increase from Morgan Stanley
• Negative Sentiment: Some commentary attributed the quarterly beat partly to favorable fuel prices, raising concern that earnings momentum may be less durable if fuel prices normalize or weaken. WEX Q3 2026 Earnings

WEX Company Profile

WEX Inc (NYSE:WEX) is a financial technology company that provides payment-processing and business-management solutions. Its products are designed to help organizations manage corporate spending, employee benefits and mobility-related expenses through specialized payment accounts, software and data tools.

WEX’s mobility business serves commercial vehicle fleets with fuel cards, fleet-payment programs, expense controls, telematics integrations and related solutions. The company also supports emerging mobility needs, including electric-vehicle charging payments.