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WEX (WEX) Stock Forecast & Price Target

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$189.80 +3.86 (+2.08%)
(As of 11/27/2024 ET)

WEX - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
5
Buy
8

Based on 13 Wall Street analysts who have issued ratings for WEX in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 5 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for WEX.

Consensus Price Target

$235.91
24.29% Upside
According to the 13 analysts' twelve-month price targets for WEX, the average price target is $235.91. The highest price target for WEX is $280.00, while the lowest price target for WEX is $180.00. The average price target represents a forecasted upside of 24.29% from the current price of $189.80.
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WEX Analyst Ratings Over Time

TypeCurrent Forecast
11/30/23 to 11/29/24
1 Month Ago
10/31/23 to 10/30/24
3 Months Ago
9/1/23 to 8/31/24
1 Year Ago
11/30/22 to 11/30/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$235.91$235.91$239.58$219.54
Forecasted Upside24.29% Upside35.77% Upside25.42% Upside24.33% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

WEX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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WEX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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WEX Stock vs. The Competition

TypeWEXBusiness Services CompaniesS&P 500
Consensus Rating Score
2.69
2.68
2.50
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside24.29% Upside326.29% Upside6.73% Upside
News Sentiment Rating
Positive News

See Recent WEX News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/28/2024Wolfe Research
3 of 5 stars
D. Peller
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DowngradeOutperform ➝ Peer Perform
10/25/2024Robert W. Baird
2 of 5 stars
 Lower TargetOutperform ➝ Outperform$285.00 ➝ $230.00+26.99%
10/25/2024Wells Fargo & Company
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$200.00 ➝ $180.00-0.61%
10/16/2024Jefferies Financial Group
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 Boost TargetHold ➝ Hold$190.00 ➝ $210.00-1.57%
10/15/2024Bank of America
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 Boost TargetBuy ➝ Buy$238.00 ➝ $255.00+19.05%
8/20/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$210.00 ➝ $200.00+11.11%
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7/26/2024William Blair
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A. Jeffrey
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UpgradeStrong-Buy
7/8/2024Keefe, Bruyette & Woods
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 Lower TargetOutperform ➝ Outperform$275.00 ➝ $230.00+28.61%
4/17/2024Citigroup
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 Boost TargetBuy ➝ Buy$240.00 ➝ $280.00+21.62%
4/16/2024Barclays
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 Boost TargetOverweight ➝ Overweight$255.00 ➝ $280.00+19.60%
3/26/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$250.00 ➝ $275.00+17.28%
2/13/2024Mizuho
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 Boost TargetBuy ➝ Buy$225.00 ➝ $235.00+10.91%
2/9/2024Truist Financial
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 Boost TargetHold ➝ Hold$185.00 ➝ $220.00+3.71%
10/27/2023Morgan Stanley
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 Lower TargetEqual Weight ➝ Equal Weight$205.00 ➝ $200.00+20.26%
7/28/2023Credit Suisse Group
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 Boost TargetNeutral$195.00 ➝ $210.00+9.95%
7/7/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$190.00+3.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 03:49 AM ET.


WEX Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for WEX is $235.91, with a high forecast of $280.00 and a low forecast of $180.00.

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for WEX in the last year. There are currently 5 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" WEX shares.

According to analysts, WEX's stock has a predicted upside of 24.29% based on their 12-month stock forecasts.

Over the previous 90 days, WEX's stock had 1 downgrade by analysts.

WEX has been rated by research analysts at Bank of America, Jefferies Financial Group, Robert W. Baird, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like WEX more than other "business services" companies. The consensus rating score for WEX is 2.69 while the average consensus rating score for "business services" companies is 2.68. Learn more on how WEX compares to other companies.


This page (NYSE:WEX) was last updated on 11/29/2024 by MarketBeat.com Staff
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