Waystar Holding Corp. (NASDAQ:WAY) is one of the 10 technology stocks offering more than 50% upside.
On May 19, Waystar Holding Corp. (NASDAQ:WAY) announced its Board of Directors authorized a stock repurchase plan for up to $200 million of common stock
These shares can be repurchased from time to time. According to this plan, there is no strict policy on the purchase of a specific quantity of common shares. According to the CEO, Matt Hawkins, the board’s trust reflects Waystar’s long-term growth prospects, unique platform, ongoing innovation, and capacity to produce steady, recurring free cash flows.
Hawkins has also emphasized the importance of maintaining a solid balance sheet. Moreover, he has stated that when it comes to allocation of capital, investing in product innovation and commercial execution should remain a top priority for the company. On May 5, Daniel Grosslight from Citi decreased the target price for Waystar Holding Corp. (NASDAQ:WAY) from $35 to $30.