WEX (WEX) Valuation in Focus Following NCR Voyix Partnership and Strategic Expansion in Commercial Fuel Payments

WEX (NYSE:WEX) just revealed a partnership with NCR Voyix to bring WEX payment processing to NCR Voyix’s cloud-native POS systems. The deal targets the commercial fuel market, and a nationwide rollout is aimed for 2026.

See our latest analysis for WEX.

WEX shares have experienced a volatile period, especially as activist investor pressure and partnership deals such as the NCR Voyix collaboration influence the company’s future. While the 1-day and 7-day share price returns are positive, the stock is still navigating a challenging phase, with a 1-year total shareholder return of -26.87%. Longer-term holders have seen better results, with the 5-year total return at 16.63%. This suggests that recent momentum is rebuilding following a year marked by challenges and change.

If WEX’s strategic moves have sparked your interest, this may be a prompt to see what is happening among other payment and fintech innovators. Broaden your search and discover fast growing stocks with high insider ownership

Given that WEX trades at a notable discount to analyst targets and recent growth initiatives are underway, investors may be wondering if the current share price is undervaluing WEX or if the outlook is already fully reflected.

Most Popular Narrative: 15.6% Undervalued

With WEX closing at $155.79 and the most popular narrative placing its fair value around $184.56, analysts see upside potential based on future growth drivers and operational execution. This setup reflects anticipation that upcoming catalysts may accelerate value realization in line with ambitious financial projections.

Expanding investments in product innovation (AI-powered claims processing, enhanced payment platforms, and API integrations) and significant sales force increases, especially in Corporate Payments and Mobility, indicate a forward pipeline of new customer wins and greater share of digital payment transactions. This positions WEX to benefit from higher transaction volume, improved margins through operating leverage, and increased cross-sell of value-added services.

Read the complete narrative.

How bold are the bets fueling this narrative? There’s talk of breakthrough margins and a future profit engine, driven by key product launches and markets. Can WEX hit those lofty marks, or is there a twist in the numbers waiting to be uncovered? Find out what’s powering the valuation jump behind the scenes.

Result: Fair Value of $184.56 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing EV adoption and intensifying fintech competition could challenge WEX’s growth expectations and test whether forecasts prove too optimistic in practice.

Find out about the key risks to this WEX narrative.

Build Your Own WEX Narrative

If you have a different perspective or want to dig deeper into the numbers yourself, you can shape your own WEX narrative in just minutes. Do it your way

A great starting point for your WEX research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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