Barclays analyst Ramsey El Assal maintains $WEX Inc (WEX.US)$ with a buy rating, and adjusts the target price from $220 to $207.
According to TipRanks data, the analyst has a success rate of 54.0% and a total average return of 0.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $WEX Inc (WEX.US)$'s main analysts recently are as follows:
Despite a 15% move, it is believed that shares will remain under pressure until Wex can show that its recent execution challenges are fully resolved and that the forecasts for 2025 are not facing additional risks.
The third-quarter trends posed challenges across all three segments, with growth in Corporate and Benefits significantly trailing usual objectives. Moreover, Mobility trends were identified as the primary cause for the revised guidance.
Note:
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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.
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