BUZZ-Waystar rises after brokerage upgrades to 'strong buy'

Reuters11-22

** Shares of healthcare payments firm Waystar up 1.5% at $31.60

** Raymond James upgrades stock rating to "strong buy" from "outperform", maintains PT of $40

** The current valuation does not reflect the potential durability of double-digit growth amid broader secular shifts in healthcare to more modern technology - brokerage

** Growing healthcare complexity will only compound the regulatory and administrative burden on providers, which we think will disproportionally benefit vertical SaaS players with a suite sale - Raymond James

** Avg. rating of 10 brokerages for the stock is a "buy"; the median PT is $36, according to data compiled by LSEG

** As of last close, shares up 44.8% from WAY's June IPO price of $21.50

(Reporting by Sukriti Gupta in Bengaluru)

((Sukriti.Gupta@thomsonreuters.com;))

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