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WAY

Waystar Holding Corp.

WAY

NASDAQ·Technology·Information Technology Services·Mkt cap $4.1B

$23.51

+9.71%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$17.26 - $41.47

P/E

35.09

Fwd P/E

14.41

Beta

0.10

Div Yield

0.00%

Avg Vol

2.6M

Shares Out

191.8M

Mkt Cap

$4.1B

Price action

Price chart

Down 44.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Integrated cloud-based platform reducing operational complexity and vendor fragmentation
  • Advanced AI-powered denial prevention and recovery capabilities
  • Deep healthcare domain expertise and regulatory compliance built into platform architecture
  • Scalable SaaS model serving healthcare providers of all sizes
  • Comprehensive data analytics enabling revenue optimization and financial insights

Bear Case

1 risk

  • Low volatility (beta 0.1).

Growth

Moderate growth ahead

Increasing healthcare digitalization and shift to cloud-based solutions

Value

Attractively priced below Business Process Outsourcing peer average

Momentum

Weak

-9.7% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 28, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.42 vs $0.39 consensus (+7.7% surprise). Revenue of $313.9M vs $311.7M expected (+0.7%). Beat on both top and bottom lines.

EPS beat +7.7%
Rev beat +0.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+7.7%

Next: Apr 28, 2026

Revenue trend · last 8Q

+18%

+14%

+15%

+12%

+24%

+22%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$234.5M

$240.1M

$244.1M

$256.4M

$270.7M

$268.7M

$303.5M

$313.9M

Margins · last 8Q

Gross

69.1%

Operating

25.6%

Profit

13.8%

Wall Street consensus

15 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

15

100%

Hold

0%

Sell

0%

Median Price Target

$34.50

+46.7% vs $23.51

Low $32.00
Median $34.50
High $37.00

Latest: KeyBanc · Jul 1, 2026

2 analysts covering

vs Industry

How WAY stacks vs Information Technology Services

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.