Baird Maintains Outperform Rating for WEX: Here's What You Need To Know

Baird has decided to maintain its Outperform rating of WEX WEX and raise its price target from $252.00 to $275.00.

Shares of WEX are trading down 1.15% over the last 24 hours, at $199.07 per share.

A move to $275.00 would account for a 38.14% increase from the current share price.

About WEX

WEX Inc is a provider of corporate payment solutions. The company operates three business segments: Fleet solutions, Travel & Corporate Solutions, and Health & Employee Benefit Solutions. Fleet Solutions, the largest segment by revenue, provides fleet vehicle payment-processing services for commercial and government fleets. Travel and corporate solutions offer business-to-business payment processing and transaction monitoring services. Health and employee benefit solutions generate revenue from healthcare payment products and its consumer-directed software platform. Wex's largest end market is the United States of America.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.