Goldman Sachs lowered the firm’s price target on Waystar (WAY) to $33 from $38 and keeps a Buy rating on the shares. Vertical and SMID-cap application software trends in Q1 showed a mixed setup across the sector, with strong quota attainment offset by weaker leading indicators such as subdued inbound lead flow and longer sales cycles, the analyst tells investors in a research note. While AI is increasingly present in pricing and renewal discussions, it has not yet translated into meaningful incremental revenue growth, leaving 2026-2027 outcomes dependent on selective execution, stabilizing demand signals, and clearer positioning within emerging AI-enabled workflows, Goldman says.
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