Waystar Holding Corp (WAY) stock: 12-month forecast projects 15.59% potential return%

Waystar Holding Corp [WAY] stock prices are up 3.52% to $23.79 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The WAY shares have gain 6.06% over the last week, with a monthly amount glided 9.78%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, RBC Capital Mkts started tracking the stock with Outperform rating on July 02, 2024, and set its price target to $27. On July 02, 2024, Raymond James initiated with a Outperform rating and assigned a price target of $30 on the stock. JP Morgan started tracking the stock assigning a Overweight rating and suggested a price target of $24 on July 02, 2024. Goldman initiated its recommendation with a Buy and recommended $32 as its price target on July 02, 2024. Evercore ISI started tracking with a Outperform rating for this stock on July 02, 2024, and assigned it a price target of $25. In a note dated July 02, 2024, Deutsche Bank initiated an Buy rating and provided a target price of $27 on this stock.

The stock price of Waystar Holding Corp [WAY] has been fluctuating between $20.26 and $23.09 over the past year. Currently, Wall Street analysts expect the stock to reach $27.5 within the next 12 months. Waystar Holding Corp [NASDAQ: WAY] shares were valued at $23.79 at the most recent close of the market. An investor can expect a potential return of 15.59% based on the average WAY price forecast.

Analyzing the WAY fundamentals

The Waystar Holding Corp [NASDAQ:WAY] reported sales of 824.72M for trailing twelve months, representing a surge of 17.64%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.96 points at the first support level, and at 22.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.25, and for the 2nd resistance point, it is at 24.71.

Ratios To Look Out For

It’s worth pointing out that Waystar Holding Corp [NASDAQ:WAY]’s Current Ratio is 1.90. In addition, the Quick Ratio stands at 1.90. Considering the valuation of this stock, the price to sales ratio is 4.81, the price to book ratio is 1.95.

Transactions by insiders

Recent insider trading involved DRISCOLL JOHN PATRICK, Chairperson, that happened on Jun 10 ’24 when 6000.0 shares were purchased.

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