William Blair analyst Andrew Jeffrey has maintained their neutral stance on WEX stock, giving a Hold rating today.
Andrew Jeffrey has given his Hold rating due to a combination of factors affecting WEX’s stock performance. The company’s recent financial results showed a slight contraction in organic revenue and a year-to-date underperformance in shares, which have declined by 25%. Despite an undemanding valuation at 8x the 2026 P/E, the stock lacks clear catalysts for growth, particularly in its non-mobility segments, which constitute a significant portion of its revenue.
Additionally, while WEX’s first-quarter revenue was in line with expectations and slightly above the analyst’s model, the quality of the earnings beat was questioned due to in-line EBIT. The outlook for 2025 revenue and EPS was slightly below the Street’s expectations, suggesting potential challenges ahead. Structural issues in non-mobility businesses, such as benefits and corporate payments, also contribute to the cautious stance, as these areas face growth limitations and competitive pressures.
In another report released today, Barclays also maintained a Hold rating on the stock with a $135.00 price target.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WEX in relation to earlier this year.