Analyst Allen Lutz of Bank of America Securities reiterated a Buy rating on Waystar Holding Corp., reducing the price target to $38.00.
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Allen Lutz has given his Buy rating due to a combination of factors tied to stable demand and vendor positioning. His latest survey shows that hospitals’ interest in revisiting revenue cycle strategies remains elevated versus mid‑2023 levels, and spending intentions on revenue cycle tools are holding up despite tariff concerns and geopolitical tensions, suggesting continued tailwinds for Waystar’s core market.
He also emphasizes that Waystar remains one of the three most favored vendors for organizations planning to upgrade or expand revenue cycle solutions over the next year, underscoring its competitive standing and growth potential. While he trims the price objective to $38 to reflect lower sector valuation multiples, the implied upside from the current share price, combined with hospitals’ preference to adopt AI capabilities from existing partners, supports his conviction that Waystar can benefit from both steady demand and incremental AI-driven opportunities.
In another report released yesterday, TipRanks – Google also reiterated a Buy rating on the stock with a $25.00 price target.