Waystar Holding Corp. (NASDAQ:WAY) Stock Rated “Moderate Buy” by Wall Street Brokerages

Posted by Brenda Bartman on Nov 4th, 2026

Waystar Holding Corp. (NASDAQ:WAY – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-three analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $35.14.

Several brokerages have issued reports on WAY. Truist Financial lowered their price target on shares of Waystar from $38.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. UBS Group reduced their price objective on shares of Waystar from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings upgraded Waystar from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Needham & Company LLC reissued a “buy” rating and set a $33.00 price target on shares of Waystar in a research report on Wednesday, August 26th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Waystar in a research report on Tuesday, September 15th.

Get Our Latest Stock Report on WAY

Waystar Stock Down 1.7%

WAY stock opened at $27.66 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $5.30 billion, a P/E ratio of 40.09, a P/E/G ratio of 1.10 and a beta of 0.11. Waystar has a fifty-two week low of $17.26 and a fifty-two week high of $37.71. The business has a 50-day moving average of $26.27 and a 200-day moving average of $23.96.

Waystar (NASDAQ:WAY – Get Free Report) last released its earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Waystar had a return on equity of 6.95% and a net margin of 10.70%. The firm had revenue of $325.62 million for the quarter, compared to analysts’ expectations of $323.43 million. During the same quarter in the previous year, the business posted $0.37 EPS. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Waystar will post 1.47 earnings per share for the current fiscal year.

Insider Activity at Waystar

In other Waystar news, CEO Matthew Hawkins sold 82,500 shares of the company’s stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $26.23, for a total transaction of $2,163,975.00. Following the sale, the chief executive officer directly owned 1,804,794 shares of the company’s stock, valued at approximately $47,339,746.62. This represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 247,500 shares of company stock valued at $6,370,499. Corporate insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Waystar

A number of institutional investors and hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of Waystar during the 2nd quarter worth approximately $390,593,000. BlackRock Inc. bought a new position in Waystar in the second quarter valued at approximately $357,950,000. Advent International L.P. acquired a new position in Waystar during the second quarter valued at approximately $227,060,000. Jupiter Topco LLC acquired a new position in Waystar during the second quarter valued at approximately $58,960,000. Finally, Bank of America Corp DE acquired a new position in Waystar during the second quarter valued at approximately $53,031,000.

Key Waystar News

Here are the key news stories impacting Waystar this week:

Positive Sentiment: Waystar’s Q3 revenue rose 21% year over year to $325.6 million, beating estimates of $323.4 million. Non-GAAP EPS of $0.44 also topped the $0.41 consensus and increased from $0.37 a year earlier. Waystar Reports Third Quarter 2026 Results
Positive Sentiment: The company raised its 2026 adjusted EBITDA outlook to $543 million–$549 million. RBC Capital Markets also pointed to solid leading indicators and potential revenue conversion in 2027. Waystar forecasts 2026 revenue and raises EBITDA outlook RBC on Waystar’s leading indicators
Positive Sentiment: Canaccord raised its price target to $34 and maintained a Buy rating, while TD Cowen kept its Buy rating despite trimming its target to $39. Canaccord analyst recommendations TD Cowen analyst recommendations
Neutral Sentiment: Waystar’s full-year 2026 revenue forecast of about $1.3 billion was broadly in line with consensus; its EPS guidance of $1.63–$1.71 starts at the consensus estimate of $1.63. Waystar 2026 earnings guidance

Waystar Company Profile

(Get Free Report)

Waystar Holding Corp. is a healthcare technology company that provides cloud-based software designed to simplify administrative and financial processes across the healthcare industry. Its platform connects healthcare providers, health plans and patients, helping organizations manage revenue cycle operations and improve the flow of information and payments.

The company’s products and services include electronic claims management, eligibility and benefits verification, prior authorization, payment integrity, denial management, patient estimates and payments, billing automation, and healthcare analytics.