Waystar price target raised to $50 from $40 at Evercore ISI

Evercore ISI raised the firm’s price target on Waystar (WAY) to $50 from $40 and keeps an Outperform rating on the shares. The company reported another clean beat on both the top and bottom line, and with management having delivered upside in three out of three of its prints post-IPO, the firm anticipates the company will continue tot take a prudent approach towards the newly set guidance for 2025, the analyst tells investors in a research note. The firm added that, on the back of the latest print, it revised its estimates and updated its price target