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Waystar Holding rated buy for strong growth, AI expansion, and attractive valuation.

Analyst Insights
10 Sep 2026
Seeking Alpha
View Source
Bullish
Waystar Holding rated buy for strong growth, AI expansion, and attractive valuation.

Waystar Holding, a healthcare technology company, received a buy rating due to its impressive 18% revenue growth, 34% subscription growth, and a 42.8% adjusted EBITDA margin. The company's expanding AI capabilities and recent acquisition of Iodine Software enhance its platform value and increase its addressable market by over 15%. With subscription revenue and a net revenue retention rate of 108%, Waystar demonstrates a stable recurring revenue base supported by strong client expansion and upselling. Its valuation remains attractive with a forward P/E of 15.01x and EV/EBITDA of 11.25x, alongside upwardly revised guidance for 2026, indicating potential for further growth.

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