Waystar price target lowered to $30 from $54 at Canaccord

Canaccord lowered the firm’s price target on Waystar (WAY) to $30 from $54 and keeps a Buy rating on the shares. The firm said Waystar did everything in its control to show the market that its business is stable, if not improving, and that the outlook is very favorable despite the narrative that AI native competitors pose a threat to the company’s position in the market and existing book-of-business.