Citi analyst Peter Christiansen maintains $WEX Inc (WEX.US)$ with a buy rating, and adjusts the target price from $280 to $260.
According to TipRanks data, the analyst has a success rate of 59.7% and a total average return of 5.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $WEX Inc (WEX.US)$'s main analysts recently are as follows:
The conditions conducive to sustained positive performance within the FinTech sector are expected to persist as we progress into the third-quarter financial reports. A relatively stable macroeconomic backdrop, consistent or falling interest rates, more balanced fund inflows, a shift in sentiment towards the potential for larger-cap stocks' multiples, and ongoing improvements in profitability are anticipated to underpin stock valuations. There is a notable shift in stock preferences towards a higher risk spectrum, aligning with the sector's new phase.
Expectations lean towards a minor top-line shortfall and a more pronounced EPS miss, influenced by diminished fuel prices. The projection encompasses a downward revision of the long-term revenue outlook to a level modestly beneath the market consensus. Despite being characterized as an affordable stock with significant repurchase activity, the sentiment is one of uncertainty, particularly in the midst of a significant business transition.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
