Waystar: Buy Rating Backed by Strong Q1 Beat, AI-Driven RCM Leadership, and Attractive Risk/Reward Valuation

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2026.04.29 22:05
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William Blair analyst Ryan Daniels has maintained a Buy rating on Waystar (WAY) due to its strong Q1 performance, exceeding revenue and EBITDA expectations despite industry challenges. The company's leadership in AI-driven revenue cycle management and new product innovations are seen as growth drivers. With the stock trading at approximately 10x the 2027 EBITDA estimate, Daniels finds the risk/reward profile attractive. J.P. Morgan also supports this view with a Buy rating and a $40 price target.