Several brokerages have updated their recommendations and price targets on shares of WEX (NYSE: WEX) in the last few weeks:
- 7/23/2026 – WEX had its “neutral” rating reaffirmed by Cantor Fitzgerald.
- 7/21/2026 – WEX was upgraded by Evercore Inc to “outperform”.
- 7/21/2026 – WEX had its price target raised by Morgan Stanley from $161.00 to $172.00. They now have an “equal weight” rating on the stock.
- 7/9/2026 – WEX was upgraded by Weiss Ratings from “hold (c-)” to “hold (c)”.
- 6/29/2026 – WEX had its price target lowered by Cantor Fitzgerald from $173.00 to $152.00. They now have a “neutral” rating on the stock.
- 6/24/2026 – WEX was downgraded by Weiss Ratings from “hold (c)” to “hold (c-)”.
- 6/12/2026 – WEX had its price target lowered by Deutsche Bank Aktiengesellschaft from $180.00 to $160.00. They now have a “hold” rating on the stock.
- 6/12/2026 – WEX had its price target lowered by Deutsche Bank Aktiengesellschaft from $180.00 to $160.00. They now have a “hold” rating on the stock.
- 5/24/2026 – WEX was downgraded by Wall Street Zen from “buy” to “hold”.
Insider Transactions at WEX
In other news, COO Robert Joseph Deshaies sold 2,000 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $148.40, for a total transaction of $296,800.00. Following the completion of the sale, the chief operating officer owned 20,288 shares in the company, valued at approximately $3,010,739.20. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James R. Groch purchased 1,500 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were bought at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the acquisition, the director owned 17,957 shares of the company’s stock, valued at approximately $2,566,953.15. The trade was a 9.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.40% of the stock is currently owned by corporate insiders.
Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.
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