Waystar price target raised to $36 from $30 at Canaccord

Canaccord raised the firm’s price target on Waystar (WAY) to $36 from $30 and keeps a Buy rating on the shares. The firm said following a strong 3Q beat with accelerating revenue growth, continued 40% adj- EBITDA margins, and a 2024 guidance raise that allows the beat to flow through.