Waystar price target raised to $50 from $42 at RBC Capital

RBC Capital raised the firm’s price target on Waystar (WAY) to $50 from $42 and keeps an Outperform rating on the shares. The company reported another strong quarter with revenue and EBITDA coming in 5% and 8% ahead of consensus, respectively, the analyst tells investors in a research note. The firm says Waystar issued formal 2025 guidance with the mid-points of each both slightly above consensus estimates. RBC expects Waystar’s valuation discount to software peers to continue dissipating as management “extends its track record of delivering consistent strong quarters.”