AI-Enabled Automation Driving Up Sentiment Towards Waystar (WAY)

Waystar Holding Corp. (NASDAQ:WAY) is one of the most promising mid-cap healthcare stocks under $50.

On December 15, UBS analyst Kevin Caliendo initiated coverage of Waystar Holding Corp. (NASDAQ:WAY) with a bullish view. He assigned a Buy rating to the stock with a price target of $41. Based on his forecasts, the stock currently offers nearly 25% upside for investors.

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Caliendo based his Buy rating on various strategic factors, including the company’s market position and growth prospects within the revenue cycle management space. He highlighted the industry shift towards AI-enabled automation, which would help in more efficient and cost-effective processes to be implemented. In Caliendo’s view, such a shift will reward players like Waystar Holding Corp. (NASDAQ:WAY). He also mentioned the company’s inorganic growth strategy, involving the acquisition of Iodine Software, which will help in increasing their addressable market, cross-selling opportunities, and client retention.

The market sentiment towards Waystar Holding Corp. (NASDAQ:WAY) is also highly positive. As of the December 19 closing, the stock has received coverage from 17 analysts after falling 10.5% in 2025. 16 of them gave a Buy rating, 1 gave a Hold rating, and there were no Sell ratings. Such bullish consensus has resulted in an estimated 1-year average price target of $48.44 a share. This implies a 47.5% upside from the current level.

Waystar Holding Corp. (NASDAQ:WAY) offers a cloud-based software for payment processing within the healthcare industry. The company’s enterprise-grade platform has a comprehensive suite of solutions covering the entire revenue cycle. It includes functions such as payment clearance, claims management, revenue capture, reporting, and analytics.

While we acknowledge the risk and potential of WAY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WAY and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.