Wex initiated with a Buy at Loop Capital

Loop Capital last night initiated coverage of Wex (WEX) with a Buy rating and $195 price target The firm expects industry tailwinds across the company’s segments to materialize. The company has been winning new business that is expected to contribute more to revenue growth in 2026 than in 2025, the analyst tells investors in a research note. Loop also believes Wex could take market share in the mobility segment as it focuses investments and other payment players target other opportunities.