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Investing.com - Mizuho (NYSE:MFG) has raised its price target on WEX Inc. (NYSE:WEX) to $185.00 from $150.00 while maintaining an Outperform rating on the financial technology services provider. According to InvestingPro data, the company appears undervalued based on its Fair Value analysis, with analyst targets ranging from $170 to $200.
The firm noted that WEX stock has gained 17% over the past month, outperforming the S&P 500’s 3% increase during the same period, following what it described as "a difficult start to the year."
Mizuho expressed particular optimism about positive trends in WEX’s mobility segment, specifically highlighting the competitive takeaway of the BP (NYSE:BP) portfolio as a positive development.
The firm also cited the upcoming lapping of the Booking (NASDAQ:BKNG).com drag as a factor in its more bullish outlook for the company.
Mizuho introduced fiscal year 2027 estimates for WEX, indicating it values the company at 9 times its FY27 estimated adjusted earnings per share.
In other recent news, Wex Inc reported its financial results for the second quarter of 2025, exceeding analysts’ expectations. The company achieved earnings per share (EPS) of $3.95, surpassing the projected $3.71. Revenue also outperformed forecasts, reaching $659.6 million compared to the anticipated $648.87 million. These results indicate strong performance for the company during this period. Additionally, the positive earnings report has garnered attention from investors. The company’s financial achievements highlight its ability to surpass market expectations. These developments reflect a noteworthy period for Wex Inc, as it continues to deliver robust financial results.
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