Waystar (NASDAQ:WAY) Shares Gap Down - Here's Why

Waystar (NASDAQ:WAY) shares gapped down 15% despite reporting better-than-expected Q2 results, including an 18% year-over-year revenue increase to $319.7 million and EPS of $0.43 exceeding estimates. The company also raised its 2026 revenue outlook to $1.276 billion-$1.294 billion and adjusted EBITDA forecast, and announced the appointment of Alpana Wegner as its new CFO. Analyst sentiment remains largely positive with a "Moderate Buy" consensus, though some firms have recently lowered price targets.