Waystar Holding Corp. (NASDAQ:WAY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Analyst consensus: 23 analysts give Waystar an average "Buy" rating (17 buy, 3 hold, 3 strong buy) with a mean 12‑month price target of $36.14 and recent broker targets ranging roughly $30–$41.
• Q1 results and guidance: Waystar beat estimates with Q1 EPS $0.42 (vs. $0.39) and revenue $313.9M (+22.4% YoY) and set FY2026 EPS guidance of $1.59–$1.68.
• Valuation and investor interest: Shares opened at $21.01 (52‑week range $19.78–$42.55), trading well below analyst targets, while major institutions like Vanguard and Advent hold sizable stakes.

Waystar Holding Corp. (NASDAQ:WAY - Get Free Report) has earned an average rating of "Buy" from the twenty-three analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and three have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.1429.

WAY has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a "buy" rating and issued a $41.00 price target on shares of Waystar in a research note on Wednesday, February 18th. Wells Fargo & Company decreased their price objective on Waystar from $41.00 to $36.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. Citigroup decreased their price objective on Waystar from $35.00 to $30.00 and set a "buy" rating for the company in a report on Tuesday. Needham & Company LLC reiterated a "buy" rating and issued a $33.00 price objective on shares of Waystar in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded Waystar from a "buy" rating to a "hold" rating in a report on Saturday, February 21st.

Waystar Stock Performance

Shares of WAY stock opened at $21.01 on Friday. The stock has a fifty day moving average of $24.30 and a 200 day moving average of $29.30. Waystar has a 52 week low of $19.78 and a 52 week high of $42.55. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 0.79 and a beta of 0.21. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.37.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company had revenue of $313.87 million during the quarter, compared to analyst estimates of $311.74 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm's revenue was up 22.4% on a year-over-year basis. Waystar has set its FY 2026 guidance at 1.590-1.680 EPS. As a group, research analysts expect that Waystar will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On Waystar

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Waystar by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,330,872 shares of the company's stock worth $403,836,000 after purchasing an additional 41,062 shares in the last quarter. Advent International L.P. bought a new position in Waystar in the fourth quarter worth $362,212,000. William Blair Investment Management LLC raised its holdings in Waystar by 0.4% in the fourth quarter. William Blair Investment Management LLC now owns 5,282,220 shares of the company's stock worth $172,993,000 after purchasing an additional 19,033 shares in the last quarter. State Street Corp raised its holdings in Waystar by 4.0% in the fourth quarter. State Street Corp now owns 4,134,052 shares of the company's stock worth $135,390,000 after purchasing an additional 159,183 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in Waystar by 4.5% in the third quarter. Alliancebernstein L.P. now owns 3,415,442 shares of the company's stock worth $129,514,000 after purchasing an additional 146,510 shares in the last quarter.

Waystar Company Profile

Waystar NASDAQ: WAY is a leading provider of cloud-based revenue cycle management and payment solutions for healthcare organizations. The company's unified platform streamlines the entire financial continuum of patient care, from eligibility verification and claim submission to payment reconciliation and patient billing. By automating key processes and improving claim accuracy, Waystar helps providers reduce administrative overhead, accelerate cash flow and enhance overall revenue performance.

At the core of Waystar's offering is a SaaS-based architecture that integrates seamlessly with existing electronic health record (EHR) systems and payer networks.

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