Waystar Holding Corp. (NASDAQ:WAY – Get Free Report)’s share price reached a new 52-week high on Friday after Royal Bank of Canada raised their price target on the stock from $27.00 to $31.00. Royal Bank of Canada currently has an outperform rating on the stock. Waystar traded as high as $27.43 and last traded at $27.34, with a volume of 508376 shares changing hands. The stock had previously closed at $26.87.
Several other research analysts have also recently commented on WAY. Canaccord Genuity Group began coverage on shares of Waystar in a report on Tuesday, July 2nd. They set a “buy” rating and a $30.00 target price on the stock. Raymond James began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued an “outperform” rating and a $30.00 price objective on the stock. Canaccord Genuity Group began coverage on shares of Waystar in a research note on Tuesday, July 2nd. They issued a “buy” rating and a $30.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Waystar from $24.00 to $27.00 and gave the company an “overweight” rating in a research note on Monday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Waystar from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.90.
Check Out Our Latest Research Report on Waystar
Institutional Investors Weigh In On Waystar
Waystar Stock Performance
The business has a fifty day moving average price of $23.85.
Waystar (NASDAQ:WAY – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $234.50 million during the quarter, compared to analysts’ expectations of $216.25 million. The firm’s revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. Analysts forecast that Waystar Holding Corp. will post -0.08 EPS for the current fiscal year.
About Waystar
Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.
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