WEX Inc's stock surged 5.01% during intraday trading on Friday, demonstrating significant upward momentum despite a mixed backdrop of analyst actions.
The sharp rise appears to be driven primarily by Bank of America Securities reiterating its Buy rating on WEX, highlighting the company as an "Undervalued Growth Story With Solid Q4 Beat and Conservative 2026 Outlook." This positive assessment suggests stronger-than-expected quarterly performance and confidence in the company's future prospects.
Additional supportive analyst sentiment included Morgan Stanley raising its price target slightly and Mizuho maintaining an Outperform rating, contributing to the bullish trading activity that propelled WEX shares higher during the session.