BofA analyst Allen Lutz raised the firm’s price target on Waystar (WAY) to $51 from $43 and keeps a Buy rating on the shares after the company exceeded Street estimates by “a significant margin” on both revenue and EBITDA in Q4. 2025 revenue guidance contemplating 6-8% growth is likely conservative given the exit-rate at the end of the year, but also likely below investor expectations, contends the analyst, who raised the firm’s multiple to reflect accelerating metrics, including NRR and customers generating at least $100,000.
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