Evercore ISI analyst Elizabeth Anderson CFA has maintained their bullish stance on WAY stock, giving a Buy rating on February 14.
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Elizabeth Anderson CFA has given her Buy rating due to a combination of factors highlighting Waystar Holding Corp.’s performance and future prospects. The company’s consistent ability to surpass expectations, as evidenced by its strong earnings results across multiple quarters post-IPO, positions it well for continued success. With an attractive setup for 2025 bolstered by persistent demand and opportunities from previous disruptions, the company’s outlook remains promising.
Furthermore, Waystar’s improved capital structure, with leverage reduced to approximately 2.8 times, enhances its financial flexibility to effectively utilize its free cash flow in the upcoming year. The management’s conservative approach to capitalizing on cyber benefits and competitor disruptions has also contributed significantly to recent earnings beats, reinforcing the company’s strategic positioning and supporting the Buy recommendation.
Anderson CFA covers the Healthcare sector, focusing on stocks such as CVS Health, Walgreens Boots Alliance, and Labcorp Holdings. According to TipRanks, Anderson CFA has an average return of -6.3% and a 41.67% success rate on recommended stocks.
In another report released on February 14, Barclays also maintained a Buy rating on the stock with a $42.00 price target.