Waystar price target raised to $34 from $31 at RBC Capital

RBC Capital raised the firm’s price target on Waystar (WAY) to $34 from $31 and keeps an Outperform rating on the shares. The company’s Q3 revenue and EBITDA were well ahead of expectations, with most of the upside was driven by continued marketshare and cross-selling gains, the analyst tells investors in a research note.