** 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;))
Comments