Waystar Holding Corp. (WAY) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Waystar Holding Corp. (WAY) stock forecast summary
On Oct. 16, 2026, WAY is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
Waystar Holding Corp. is a mid-cap company with a market capitalization of $5.25B. It ranks number 12 by market capitalization among the 43 Services-Computer Integrated Systems Design issuers in our coverage with a current forecast.
For WAY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -2.0%, measured on 251 forecast dates between 2024-08-09 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 16.0%, measured on 294 forecast dates between 2024-08-09 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How WAY ranks among 5184 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Waystar Holding Corp. (WAY) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Computer Integrated Systems Design peers listed below that report each metric.
Valuation & Market
| Metric | WAY | Rank |
|---|---|---|
| Market Cap | $5.25B | 12/43 |
| P/E Ratio | 42.75x | 3/15 |
| P/B Ratio | 1.32x | 27/31 |
| EPS | $0.64 | – |
| Book Value/Share | $20.79 | – |
| Revenue/Share | $6.29 | – |
| FCF/Share | $1.28 | – |
Profitability & Margins
| Metric | WAY | Rank |
|---|---|---|
| ROE | 3.4% | 13/27 |
| ROA | 2.3% | 13/31 |
| ROIC | 4.9% | 12/35 |
| Gross Margin | 69.1% | 8/33 |
| Operating Margin | 22.9% | 3/38 |
| Net Margin | 11.2% | 8/30 |
| EBT Margin | 16.2% | 7/39 |
| Tax Rate | 30.9% | – |
Financial Health
| Metric | WAY | Rank |
|---|---|---|
| Current Ratio | 1.85x | 13/39 |
| D/E Ratio | 0.47x | 25/35 |
| Financial Leverage | 1.47x | 25/35 |
| Interest Coverage | 3.7x | 9/34 |
| Working Capital | $201M | 11/39 |
Cash Flow
| Metric | WAY | Rank |
|---|---|---|
| Operating Cash Flow | $293M | 10/42 |
| Free Cash Flow | $246M | 10/25 |
| Capital Spending | -$47M | 18/25 |
| OCF Growth YoY | -3.8% | 14/18 |
| FCF Growth YoY | -11.6% | 12/15 |
| FCF/Sales | 20.4% | 5/24 |
| CapEx/Sales | 3.9% | 8/24 |
Operational Efficiency
| Metric | WAY | Rank |
|---|---|---|
| Asset Turnover | 0.21x | 23/28 |
| Receivables Turnover | 6.5x | 13/25 |
| Fixed Assets Turnover | 17.6x | 14/27 |
| Days Sales Outstanding | 56 days | 13/25 |
| Payables Period | 55 days | 14/31 |
Income Statement
| Metric | WAY | Rank |
|---|---|---|
| Total Revenue | $1.21B | 12/28 |
| Operating Income | $276M | 9/40 |
| Net Income | $135M | 9/31 |
| R&D Expense | $67M | 12/29 |
| SG&A Expense | $437M | 10/37 |
| Cost of Goods Sold | $372M | 12/37 |
Dividend & Shareholder Information
| Metric | WAY | Rank |
|---|---|---|
| Shares Outstanding | 192M | – |
| Net Income Growth | 92.5% | 3/12 |
| EPS Growth | 146.2% | 2/12 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $439M | 7.5% of assets |
| Cash & Short-term Investments | $13M | 0.2% of assets |
| Accounts Receivable | $186M | 3.2% of assets |
| Total Liabilities | $1.88B | 32.1% of assets |
| Short-term Debt | $182M | 3.1% of assets |
WAY quarterly financials and insider trading
Waystar Holding Corp. (WAY) industry peers
Companies classified under the same SEC industry code as Waystar Holding Corp. (Services-Computer Integrated Systems Design): 45 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| WAY Waystar Holding Corp. | ▶ | $5.25B |
| IOT Samsara Inc. | ▲ | $23.17B |
| LDOS Leidos Holdings, Inc. | ▼ | $15.67B |
| CACI Caci International Inc /De/ | ▶ | $13.58B |
| IONQ Ionq, Inc. | ▼ | $13.43B |
| GDDY Godaddy Inc. | ▲ | $13.42B |
| JKHY Jack Henry & Associates Inc | ▶ | $10.74B |
| AUR Aurora Innovation, Inc. | ▲ | $9.73B |
| QNT Quantinuum Inc. | ▶ | $9.62B |
| LNWO Light & Wonder, Inc. | ▼ | $6.31B |
| OTEX Open Text Corp | ▼ | $6.17B |
| SAIC Science Applications International Corp | ▼ | $5.58B |
| PSN Parsons Corp | ▶ | $4.70B |
| AGYS Agilysys Inc | ▼ | $3.10B |
| KD Kyndryl Holdings, Inc. | ▲ | $2.88B |
| NTCT Netscout Systems Inc | ▼ | $2.77B |
| WRD Weride Inc. | ▶ | $1.40B |
| OSPN Onespan Inc. | ▲ | $645M |
| SLP Simulations Plus, Inc. | ▼ | $374M |
| ECX Ecarx Holdings Inc. | ▲ | $334M |
| TLS Telos Corp | ▲ | $300M |
| KDK Kodiak Ai, Inc. | ▼ | $271M |
| RBBN Ribbon Communications Inc. | ▲ | $236M |
| SMRT Smartrent, Inc. | ▲ | $218M |
| ASUR Asure Software Inc | ▲ | $204M |
| UIS Unisys Corp | ▲ | $161M |
| MRLN Merlin, Inc. | ▼ | $111M |
| CSPI Csp Inc /Ma/ | ▲ | $78M |
| WYY Widepoint Corp | ▲ | $62M |
| ARBE Arbe Robotics Ltd. | ▶ | $59M |
| ODYS Odysight.Ai Inc. | ▲ | $44M |
| BNAI Brand Engagement Network Inc. | ▼ | $44M |
| MBAI Mbody Ai Ltd. | ▲ | $42M |
| TSPH Tusimple Holdings Inc. | ▲ | $41M |
| STEM Stem, Inc. | ▲ | $34M |
| CREX Creative Realities, Inc. | ▼ | $29M |
| VEEA Veea Inc. | ▼ | $13M |
| FUSE Fusemachines Inc. | ▼ | $10M |
| SLE Super League Enterprise, Inc. | ▼ | $9M |
| HCTI Healthcare Triangle, Inc. | ▼ | $6M |
| GRHI Gold Rock Holdings, Inc. | ▼ | $4M |
| RIME Algorhythm Holdings, Inc. | ▼ | $2M |
| OMQS Omniq Corp. | ▲ | $1M |
| DAIC Cid Holdco, Inc. | ▼ | N/A |
| SEII Sharing Economy International Inc. | ▼ | N/A |
Where WAY sits on the market map
Waystar Holding Corp. (WAY) stock news
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Waystar Holding Corp. (WAY) stock forecast FAQ
What is the Waystar Holding Corp. (WAY) stock forecast?
On Oct. 16, 2026, WAY is rated Neutral: its 90-day Alpha forecast sits in the middle 30% of the 5184 stocks scored that day.
How accurate are Waystar Holding Corp. stock predictions?
For WAY, the Spearman rank correlation between our 90-day forecasts and the returns that followed is -2.0%, measured on 251 forecast dates between 2024-08-09 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 16.0%, measured on 294 forecast dates between 2024-08-09 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Waystar Holding Corp. forecasts updated?
Waystar Holding Corp. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Waystar Holding Corp.'s industry peers?
45 issuers in our coverage, WAY included, share the SEC industry code Services-Computer Integrated Systems Design. The largest are: Samsara Inc. (IOT), Leidos Holdings, Inc. (LDOS), Caci International Inc /De/ (CACI), Ionq, Inc. (IONQ), Godaddy Inc. (GDDY), Jack Henry & Associates Inc (JKHY).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.