Citi reiterates Waystar stock Buy rating amid sale exploration
Citi reiterates Waystar stock Buy rating amid sale exploration
Archived explainer. For the current picture see today's WAY page.
WAYSTAR HLDG CORP (WAY) is up +7.11% in the latest session. Our newswire has captured 17 stories on WAY across 9 sources in the last 36 hours, with AI sentiment reading bullish (avg 59/100).
WAY stock is up 7.11% at $26.67 as of the close of trading on speculation that the company is exploring a potential sale. The move follows reports that Waystar has engaged Evercore to examine strategic options, including a possible acquisition. Analyst ratings and price target revisions from major firms have also contributed to the stock's momentum.
Waystar stock surged after Reuters reported that the company is in discussions with Evercore to explore strategic options. This development has triggered renewed interest from analysts. Citi reiterated its Buy rating for Waystar, while RBC Capital maintained its Outperform rating with a $44 price target. Barclays, however, downgraded the stock to Equal Weight from Overweight, noting that a "fair amount" of upside potential is already priced in. Meanwhile, some analysts have suggested a potential buyout price could exceed $30 per share, further fueling investor optimism.
The CEO, Matthew J. Hawkins, has sold shares in three separate transactions over the past three months, totaling $5.8 million. These sales occurred on July 15, August 11, and September 2, with the most recent filing on September 3. Additionally, former President Donald J. Trump has been active in the stock, with recent trades including a purchase of $100,001 to $250,000 in February and subsequent sales in March and May.
The stock has gained 4.4% over the past eight sessions, rising from $26.08 to $27.24. The 52-week range is $17.26 to $40.35, and the stock printed two fresh 52-week lows and four fresh 52-week highs on September 15. Waystar has a market cap of $4.5 billion and a P/E ratio of 35.4. Revenue has grown 19.2% in the trailing twelve months, with a net margin of 11.2%. The stock's beta of 0.15 indicates it is less volatile than the broader market.
Investors should monitor the breadth of analyst coverage and any developments in the strategic review process. No earnings date is scheduled for the near term.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
Citi reiterates Waystar stock Buy rating amid sale exploration
According to a Reuters report on Tuesday, Waystar has hired investment bank Evercore to explore strategic options, including a potential sale.
Waystar stock catapulted Tuesday on reports the medical software company is exploring strategic options.
More on WAY: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier WAY move explainers: 2026-09-16 · 2026-09-15 · 2026-08-28 · 2026-08-26 · 2026-08-25