Waystar’s (WAY) Buy Rating Reaffirmed at Needham & Company LLC

Waystar (NASDAQ:WAY)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a note issued to investors on Thursday,Benzinga reports. They presently have a $33.00 target price on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 34.58% from the stock’s current price.

A number of other research analysts also recently issued reports on the company. Wall Street Zen downgraded Waystar from a “buy” rating to a “hold” rating in a research note on Sunday, May 24th. Bank of America dropped their price target on shares of Waystar from $45.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, April 10th. UBS Group set a $34.00 target price on shares of Waystar in a research note on Monday, July 20th. Citigroup reissued a “buy” rating on shares of Waystar in a report on Monday, July 20th. Finally, Weiss Ratings cut Waystar from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Waystar has a consensus rating of “Moderate Buy” and an average target price of $35.23.

Waystar Trading Up 3.5%

NASDAQ:WAY opened at $24.52 on Thursday. Waystar has a one year low of $17.26 and a one year high of $41.47. The business has a fifty day moving average price of $20.73 and a 200-day moving average price of $23.31. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 0.93 and a beta of 0.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.76 and a quick ratio of 1.76.

Waystar (NASDAQ:WAY) last released its earnings results on Wednesday, July 29th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Waystar had a return on equity of 6.99% and a net margin of 10.90%.The company had revenue of $319.67 million for the quarter, compared to the consensus estimate of $316.21 million. During the same period in the previous year, the business earned $0.36 earnings per share. Waystar’s quarterly revenue was up 18.1% compared to the same quarter last year. Sell-side analysts forecast that Waystar will post 1.46 EPS for the current year.

Institutional Trading of Waystar

Large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Waystar by 11.3% during the 1st quarter. Royal Bank of Canada now owns 21,609 shares of the company’s stock valued at $808,000 after buying an additional 2,195 shares in the last quarter. AQR Capital Management LLC purchased a new position in Waystar in the first quarter worth about $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Waystar by 91.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,911 shares of the company’s stock worth $1,753,000 after acquiring an additional 22,364 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Waystar during the first quarter valued at approximately $234,000. Finally, Goldman Sachs Group Inc. raised its position in Waystar by 13.4% during the first quarter. Goldman Sachs Group Inc. now owns 747,268 shares of the company’s stock valued at $27,918,000 after purchasing an additional 88,256 shares during the period.

Trending Headlines about Waystar

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Q2 earnings and revenue beat estimates: Waystar reported adjusted earnings of $0.43 per share versus the $0.40 consensus estimate, while revenue reached $319.7 million, ahead of the $316.2 million forecast. Revenue increased 18.1% year over year, and net income was $40.9 million. Waystar Reports Second Quarter 2026 Results
• Positive Sentiment: Strong profitability: The company posted a 43% adjusted EBITDA margin and $83.3 million in non-GAAP net income, supporting the view that Waystar is converting its healthcare-payment software growth into expanding cash-generating profitability. Waystar 2026 Q2 Results Presentation
• Positive Sentiment: Raised 2026 operating guidance: Waystar now expects revenue of $1.276 billion to $1.294 billion and adjusted EBITDA of $535 million to $545 million. The higher EBITDA outlook is particularly supportive for the stock because it signals continued margin strength and operating leverage. Waystar 2026 Guidance
• Neutral Sentiment: CFO transition: Alpana Wegner, an experienced technology CFO, will become chief financial officer on August 1. Her background may support Waystar’s growth and value-creation strategy, although investors may monitor execution during the leadership change. Waystar CFO Appointment
• Negative Sentiment: Revenue outlook may be slightly conservative: The new revenue range is near, but potentially below, the roughly $1.3 billion analyst consensus, meaning the guidance increase may not represent a significant upside surprise on sales. The company also did not provide a clearly stated EPS outlook in the available update.

About Waystar

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.