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Mizuho Securities Maintains WEX Inc(WEX.US) With Buy Rating

Futu News ·  Oct 28, 2024 20:35  · Ratings

Mizuho Securities analyst Dan Dolev maintains $WEX Inc (WEX.US)$ with a buy rating.

According to TipRanks data, the analyst has a success rate of 53.2% and a total average return of 0.7% over the past year.

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Furthermore, according to the comprehensive report, the opinions of $WEX Inc (WEX.US)$'s main analysts recently are as follows:

  • Despite the recent 15% decline in share value, the expectation is that the shares will remain under pressure until it is evident that the company has overcome its recent execution challenges and that there is no additional risk to the 2025 estimates.

  • Q3 trends for Wex were challenging across all three of its segments, with Corporate and Benefits growth notably below usual targets. The Mobility sector was specifically mentioned as the cause for the lowered guidance.

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.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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