WAY · NASDAQ · STOCK
Waystar Holding (WAY) Stock Analysis
$28.04
52W $17.26 – $40.35
58/100
$5.04B
36.5
0.07
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is WAY Bullish or Bearish?
Bullish.
Innellis AI committee rates Waystar Holding Corp. (WAY) Buy with a composite score of 58/100
, based on 5 analysts with 60% agreement.
Last updated October 14, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +16.75 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -3.25 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — 2 existing position pair(s) are highly correlated already. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- EPS growing 46.4% YoY — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 37.9 is moderate-to-rich — Value
- ROE of only 3.6% -- cheap may mean cheap for a reason — Value
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 14, 2026
Overall Committee Score
58/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 44%
of 192 Healthcare peers
Value Analyst
neutral
49
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 37.9 is moderate-to-rich
Growth Analyst
bullish
62
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 46.4% YoY
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
35
/ 100 · Low confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− 2 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score weakened from 61.2 to 58.2.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Macro Analyst: score 80->65 (-15).
- Portfolio Manager: score 30->35 (+5).
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-13 to 2026-10-14 (1 day apart).
Technical Analysis
RSI (14)
63.6
Neutral
MACD Histogram
0.089
Bullish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Hh Hl
Support
$22.97
Resistance
$27.00
Bollinger %B
0.88
Inside Bands
Price vs Moving Averages
EMA 9
$26.31
Above
EMA 21
$25.86
Above
EMA 50
$25.02
Above
EMA 200
$25.66
Above
Fundamental Analysis
Valuation
71
Growth
50
Profitability
47
Financial Health
94
Cash Flow
70
Valuation
P/E Ratio
36.5×
P/B Ratio
1.27×
PEG Ratio
0.83
Dividend Yield
0.00%
52W High
$40.35
52W Low
$17.26
Quality & Growth
ROE
289.0%
ROA
193.8%
Gross Margin
6910.6%
Operating Margin
2287.0%
Revenue Growth YoY
—
Debt / Equity
0.37
AI Fundamental Assessment
P/E ratio of 36.5 (rich relative to a 15-40x range); Price-to-book of 1.3x; PEG ratio of 0.8 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 2.9%; Return on assets of 1.9%; Net margin of 11.2%; Gross margin of 69.1%; Current ratio of 1.85 (healthy short-term liquidity); Debt-to-equity of 0.37; Free cash flow per share is positive (1.28); Most recent quarter beat estimates by 7.4%; 2 consecutive earnings beats; EPS growth decelerating (+16.7% -> +2.4% QoQ); Analyst estimates flat over recent quarters
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