Does Waystar (WAY) Have the Potential to Rally 27.23% as Wall Street Analysts Expect?

Core Viewpoint - Waystar Holding (WAY) has seen a 2.5% increase in share price over the past four weeks, closing at $38.20, with analysts suggesting a potential upside to a mean price target of $48.60, indicating a 27.2% increase from the current price [1] Price Targets and Analyst Estimates - The mean estimate consists of 10 short-term price targets with a standard deviation of $2.46, where the lowest estimate of $45 suggests a 17.8% increase, and the highest estimate of $52 indicates a 36.1% increase [2] - A low standard deviation among price targets suggests a strong agreement among analysts regarding the stock's price movement, which can serve as a starting point for further research [9] Earnings Estimates and Market Sentiment - Analysts have shown increasing optimism about WAY's earnings prospects, as indicated by a strong consensus in revising EPS estimates higher, which correlates with potential stock price increases [11] - Over the last 30 days, six earnings estimates for WAY have been revised upward, resulting in a 6.1% increase in the Zacks Consensus Estimate [12] - WAY holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential upside [13]