The Goldman Sachs Group Forecasts Strong Price Appreciation for Waystar (NASDAQ:WAY) Stock

Waystar (NASDAQ:WAY - Free Report) had its target price raised by The Goldman Sachs Group from $34.00 to $39.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft raised their price objective on Waystar from $27.00 to $31.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Royal Bank of Canada lifted their price target on Waystar from $27.00 to $31.00 and gave the company an "outperform" rating in a report on Friday, September 6th. Bank of America increased their price objective on shares of Waystar from $27.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, October 14th. Evercore ISI upped their price target on shares of Waystar from $32.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price target on shares of Waystar from $24.00 to $27.00 and gave the stock an "overweight" rating in a research note on Monday, August 19th. Eleven analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Waystar has an average rating of "Buy" and a consensus price target of $31.90.

Waystar Trading Up 7.7 %

WAY stock traded up $2.26 during trading on Thursday, hitting $31.69. The stock had a trading volume of 4,624,425 shares, compared to its average volume of 866,659. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $27.47. Waystar has a 1-year low of $20.26 and a 1-year high of $33.25.

Waystar (NASDAQ:WAY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $234.50 million for the quarter, compared to analysts' expectations of $216.25 million. The business's quarterly revenue was up 19.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. Research analysts forecast that Waystar will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Waystar

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new stake in Waystar during the 3rd quarter worth $41,000. RiverPark Advisors LLC acquired a new stake in shares of Waystar during the third quarter valued at about $78,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Waystar during the second quarter worth about $145,000. Scientech Research LLC acquired a new position in shares of Waystar in the second quarter worth about $289,000. Finally, Federated Hermes Inc. purchased a new position in Waystar in the second quarter valued at about $430,000.

Waystar Company Profile

Waystar Holding Corp. is a software company which provide healthcare payments. Waystar Holding Corp. is based in LEHI, Utah.