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Waystar Holding Corp. (WAY) Stock Analysis

HoldModerate Confidence

Healthcare · Health Information Services

Hold if already holding. Not a fresh buy at $21.68, but acceptable to hold if already in. Reasons: Negative momentum; Elevated risk factors.

Waystar provides cloud-based AI-powered software for healthcare payment workflows, serving 30,000+ clients representing 1 million+ providers and facilitating 7.5 billion transactions annually. Revenue is subscription and transaction-based; top 10 clients accounted for only 10.8%... Read more

$21.68+49.3% A.UpsideScore 6.3/10#1 of 13 Health Information Services
Stop $20.18Target $32.40(analyst − 10%)A.R:R 3.7:1
Analyst target$36.00+66.1%23 analysts
$32.40our TP
$21.68price
$36.00mean
$44

Hold if already holding. Not a fresh buy at $21.68, but acceptable to hold if already in. Reasons: Negative momentum; Elevated risk factors. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Score 6.3/10, moderate confidence.

Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news boost analyst 0.70, earnings proximity no date, semi cycle peak clear). Fails on weak momentum and death cross (50MA < 200MA). Suitability: aggressive.

Thesis

Rewards
Strong earnings beat streak (3/4)
Attractive valuation
Strong growth profile
Risks
Negative momentum
Elevated risk factors
Below 200-MA, MA slope -6.5%/30d (confirmed downtrend)

Key Metrics

P/E (TTM)41.4
P/E (Fwd)13.6
Mkt Cap$4.8B
EV/EBITDA15.9
Profit Mgn10.2%
ROE3.2%
Rev Growth24.3%
Beta
DividendNone
Rating analysts28

Quality Signals

Piotroski F8/9

Options Flow

P/C1.78bearish
IV69%elevated
Max Pain$13-42.3% vs spot

Concentration Risks(10-K Item 1A)

  • LOWCustomertop 10 clients11%
    10-K Item 1A: 'our top 10 clients accounted for only 10.8% of our total revenue for such period'

Material Events(8-K, last 90d)

  • 2026-02-06Item 5.02LOW
    Eric (Ric) Sinclair III, Chief Business Officer, resigned effective March 2, 2026 to accept a position at another company. Resignation not due to disagreement with the company. No successor named. 2025 annual bonus paid per standard practices.
    SEC filing →

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

1 floor-breaker·1 ceiling hit

Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static

Obv
1.0
Ma Position
1.0
Macd
2.3
Rsi
4.5
Volume
6.7
Volume distribution (falling OBV)Below 200-MA, MA slope -6.5%/30d — confirmed downtrend
GatesMomentum 3.1<4.5Death cross (50MA < 200MA)A.R:R 3.7 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS BOOST ANALYST 0.70EARNINGS PROXIMITY NO DATESEMI CYCLE PEAK CLEARSuitability: Aggressive
RSI
51 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $20.35Resistance $27.17

Price Targets

$20
$32
A.Upside+49.4%
A.R:R3.7:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeCautious

Risk Alerts

! Momentum score 3.1/10 — below 4.5 minimum
! Death cross — 50-day MA below 200-day MA

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-04-29 (nulld)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is WAY stock a buy right now?

Hold if already holding. Not a fresh buy at $21.68, but acceptable to hold if already in. Reasons: Negative momentum; Elevated risk factors. Chart setup: No recognized chart pattern (not a breakout, bounce, continuation, recovery, falling knife, or range) — technicals mixed. Maintain position. Not compelling to add more. Target $32.40 (+49.4%), stop $20.18 (−7.4%), A.R:R 3.7:1. Score 6.3/10, moderate confidence.

What is the WAY stock price target?

Take-profit target: $32.40 (+49.3% upside). Target $32.40 (+49.4%), stop $20.18 (−7.4%), A.R:R 3.7:1. Stop-loss: $20.18.

What are the risks of investing in WAY?

Negative momentum; Elevated risk factors; Below 200-MA, MA slope -6.5%/30d (confirmed downtrend).

Is WAY overvalued or undervalued?

Waystar Holding Corp. trades at a P/E of 41.4 (forward 13.6). TrendMatrix value score: 7.2/10. Verdict: Hold.

What do analysts say about WAY?

28 analysts cover WAY with a consensus score of 4.2/5. Average price target: $36.

What does Waystar Holding Corp. do?Waystar provides cloud-based AI-powered software for healthcare payment workflows, serving 30,000+ clients representing...

Waystar provides cloud-based AI-powered software for healthcare payment workflows, serving 30,000+ clients representing 1 million+ providers and facilitating 7.5 billion transactions annually. Revenue is subscription and transaction-based; top 10 clients accounted for only 10.8% of total revenue in 2025. The platform benefits from network effects as transaction data continuously improves AI accuracy.

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