Loop Capital Starts WEX Inc. (WEX) at Buy
Loop Capital analyst Dominick Gabriele initiates coverage on WEX Inc. (NYSE: WEX) with a Buy rating and a price target of $195.00.
The analyst comments "We are initiating with a BUY rating and $195 price target. We identified 7 reasons to buy WEX's stock today (listed below). We expect underlying industry tailwinds across the segments to materialize. WEX's management team has been winning new business that is expected to contribute more to revenue growth in 2026 than in 2025. WEX could take market share in the mobility segment as they focus their investments and other payment players target other opportunities. As underlying SSS in mobility likely recovers, this recovery along with company specific efforts should provide for underlying revenue growth acceleration and adjusted operating margin expansion. We expect WEX's P/E multiple will expand as fundamental metrics improve off depressed levels. After years of multiple contraction, likely tied to underlying mobility industry contraction, partnership changes (online travel agency (OTA)) and volatility in result, we expect managements efforts to come out of the dark."
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Shares of WEX Inc. closed at $150.45 yesterday.