Mizuho raised Waystar target to $50, reaffirmed outperformance after Q3 strength

Mizuho raised Waystar target to , reaffirmed outperformance after Q3 strength
Mizuho raised Waystar target to , reaffirmed outperformance after Q3 strength

Waystar Holding Corp. (NASDAQ:WAY) is one of the The best digital health stocks to buy now.

On October 30, 2025, following the company’s third-quarter earnings, Mizuho Securities raised its target from $48 to $50 and reiterated an Outperform rating, citing strong demand for Waystar’s revenue cycle management solutions. The firm highlighted that the adoption of AI-powered claim denial tools was a key factor in the company’s above-consensus performance.

Mizuho raised Waystar target to $50, reaffirmed outperformance after Q3 strength
Mizuho raised Waystar target to $50, reaffirmed outperformance after Q3 strength

Waystar Holding Corp. (NASDAQ:WAY) released its third quarter report on October 29, 2025. The double-digit growth came from steady transaction volume, expanding customer adoption, and early cross-selling of Iodine Software, which lifted revenue 12% to $268.7 million and kept adjusted EBITDA strong at $112.7 million with a 42% margin. Cost discipline and scale did the rest, turning more of every dollar into profit and lifting net income to $30.6 million. Management raised full-year targets, indicating confidence that Iodine’s integration and portfolio can build momentum through 2026: revenue to $1.085-$1.093 billion and adjusted EBITDA to $451-$455 million.

Waystar Holding Corp. (NASDAQ:WAY) is a healthcare payment and revenue cycle technology provider. Its cloud-based software is used by hospitals, physician groups and other care organizations to manage claims processing, billing, prior authorizations and patient financial interactions.

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Disclosure: None.

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