Waystar upgraded to Buy from Hold at Freedom Capital

Freedom Capital upgraded Waystar (WAY) to Buy from Hold with a price target of $33, down from $40. Q4 results beat expectations and management’s initial FY26 outlook is ahead on EBITDA on in-line revenues, the analyst noted. The firm believes the 30%-plus selloff in shares over the seeming AI disruption threat since November is “overdone” and is recommending that investors buy the stock through this software “downdraft.”