Wolfe Research analyst Darrin Peller downgrades $WEX Inc (WEX.US)$ to a hold rating.
According to TipRanks data, the analyst has a success rate of 62.6% and a total average return of 9.9% 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 the recent decline, shares may continue to face pressure until the company can prove that its recent execution challenges are resolved and future estimates for 2025 are secure.
The firm observed that Q3 trends presented challenges across all three business segments, noting that Corporate and Benefits growth fell short of usual benchmarks. Additionally, the trends in Mobility were identified as a contributing factor to the lowered guidance.
Note:
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