Why Raymond James Left More Confident in WEX’s (WEX) 2026 Growth Path

Core Insights - Wex Inc. is identified as a promising AI stock, with Raymond James maintaining a Market Perform rating following discussions with management at an investor conference [1] - The company is experiencing expected volume trends, with higher fuel prices providing a favorable impact [1] - Positive indicators in spot rates for the over-the-road segment were noted, although the timing for recovery in actual miles driven remains uncertain [2] Financial Outlook - Raymond James expressed confidence in Wex's 2026 Mobility outlook, anticipating stable Corporate Payments revenue throughout the year [2] - The Benefits business is expected to continue growing accounts at rates above the market average [2] - There is an expectation for sustainable mid-single-digit-plus revenue growth for Wex [2]