Wex (WEX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Acquisitions are contributing significantly to WEX's revenue growth and enhancing the latter's scalability.
The U.S. national average for a regular gallon of gas is $4.99 as of this writing, according to the American Automobile Association. In other words, the price of gas is up 14% month over month and 63% year over year. The rapid increase in the price of gas hurts many consumers and many businesses.