TD Cowen Issues Pessimistic Forecast for Waystar (NASDAQ:WAY) Stock Price

Waystar (NASDAQ:WAY) had its target price dropped by investment analysts at TD Cowen from $42.00 to $39.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. TD Cowen‘s target price would indicate a potential upside of 41.87% from the stock’s current price.

WAY has been the subject of a number of other reports. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of Waystar in a report on Wednesday, August 26th. Canaccord Genuity Group boosted their price target on Waystar from $33.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup restated a “buy” rating on shares of Waystar in a report on Monday, July 20th. Truist Financial lowered their target price on Waystar from $38.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $28.00 price objective on shares of Waystar in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $35.14.

Waystar Price Performance

Waystar stock traded down $0.65 during midday trading on Tuesday, reaching $27.49. 880,066 shares of the stock were exchanged, compared to its average volume of 2,531,574. Waystar has a 52 week low of $17.26 and a 52 week high of $37.71. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $5.27 billion, a PE ratio of 39.05, a PEG ratio of 1.13 and a beta of 0.18. The company’s fifty day moving average is $26.23 and its 200-day moving average is $23.97.

Waystar (NASDAQ:WAY) last released its quarterly earnings results on Monday, November 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. Waystar had a net margin of 11.18% and a return on equity of 7.03%. The firm had revenue of $325.62 million during the quarter, compared to analyst estimates of $323.43 million. During the same period in the previous year, the business earned $0.37 EPS. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, sell-side analysts forecast that Waystar will post 1.47 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew Hawkins sold 82,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 6th. The shares were sold at an average price of $26.23, for a total value of $2,163,975.00. Following the sale, the chief executive officer owned 1,804,794 shares in the company, valued at approximately $47,339,746.62. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 247,500 shares of company stock worth $6,370,499 in the last 90 days. 3.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Waystar

Several hedge funds and other institutional investors have recently modified their holdings of WAY. Commonwealth Equity Services LLC raised its holdings in Waystar by 2.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 71,453 shares of the company’s stock worth $1,811,000 after purchasing an additional 1,875 shares during the period. Covestor Ltd lifted its position in Waystar by 341.3% during the third quarter. Covestor Ltd now owns 15,193 shares of the company’s stock valued at $385,000 after purchasing an additional 11,750 shares in the last quarter. Ascent Group LLC grew its holdings in Waystar by 17.4% during the third quarter. Ascent Group LLC now owns 21,629 shares of the company’s stock valued at $548,000 after purchasing an additional 3,205 shares during the period. Mountain Pacific Investment Advisers LLC grew its holdings in Waystar by 7.5% during the third quarter. Mountain Pacific Investment Advisers LLC now owns 61,456 shares of the company’s stock valued at $1,557,000 after purchasing an additional 4,292 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Waystar by 3.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 27,100 shares of the company’s stock worth $687,000 after buying an additional 900 shares in the last quarter.

Trending Headlines about Waystar

Here are the key news stories impacting Waystar this week:

• Positive Sentiment: Waystar reported third-quarter revenue of $325.6 million, up 21% from a year earlier, while non-GAAP EPS of $0.44 exceeded the $0.41 consensus estimate. Adjusted EBITDA margin was 43%, and net income reached $31.0 million. Waystar Reports Third Quarter 2026 Results
• Positive Sentiment: Canaccord Genuity raised its price target from $33 to $34 and assigned a Buy rating, indicating analyst confidence in Waystar’s longer-term growth prospects. Canaccord Genuity Group recommendations
• Neutral Sentiment: Management provided fiscal 2026 EPS guidance of $1.63-$1.71, with the low end matching consensus, and revenue guidance of approximately $1.3 billion, also broadly in line with expectations.
• Positive Sentiment: Separate coverage indicated that Waystar raised its adjusted EBITDA outlook to approximately $543 million-$549 million, suggesting continued operating leverage despite the more measured revenue outlook. Waystar forecasts revenue and adjusted EBITDA outlook
• Negative Sentiment: The full-year forecast did not clearly exceed Wall Street expectations; reported revenue guidance of $1.277 billion-$1.287 billion in some coverage was below the approximately $1.3 billion consensus figure. That limited guidance upside may have prompted profit-taking even after the quarterly beat. Waystar third-quarter earnings results

Waystar Company Profile

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.