Evercore ISI Sticks to Its Buy Rating for Waystar Holding Corp. (WAY)

Evercore ISI analyst Elizabeth Anderson CFA maintained a Buy rating on Waystar Holding Corp. today and set a price target of $45.00. The company’s shares closed yesterday at $37.91.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Anderson CFA is an analyst with an average return of -3.1% and a 48.16% success rate. Anderson CFA covers the Healthcare sector, focusing on stocks such as Align Tech, Henry Schein, and Quest Diagnostics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Waystar Holding Corp. with a $48.42 average price target, which is a 27.72% upside from current levels. In a report released on October 3, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $41.00 price target.

Based on Waystar Holding Corp.’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $270.65 million and a net profit of $32.18 million. In comparison, last year the company earned a revenue of $234.54 million and had a GAAP net loss of $27.69 million

Based on the recent corporate insider activity of 105 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WAY in relation to earlier this year. Last month, Matthew J. Hawkins, the CEO of WAY sold 12,800.00 shares for a total of $487,296.00.