Piper Sandler Initiates Coverage On WEX with Neutral Rating, Announces Price Target of $209
Piper Sandler analyst Bill Carcache initiates coverage on WEX (NYSE:WEX) with a Neutral rating and announces Price Target of $209.
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WEX Raises FY2026 Adj EPS Guidance from $18.95-$19.55 to $19.68-$20.08 vs $19.31 Est; Raises FY2026 Sales Guidance from $2.820B-$2.880B to $2.860B-$2.900B vs $2.852B Est
WEX (NYSE:WEX) raises FY2026 Adj EPS guidance from $18.95-$19.55 to $19.68-$20.08 vs $19.31 analyst estimate. Raises FY2026 sales outlook from $2.820 billion-$2.880 billion to $2.860 billion-$2.900 billion vs $2.852
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WEX shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 guidance above estimates. Also, the company issued Q3 adjusted EPS guidance above estimates.