Waystar Holding Corp. (WAY) saw its stock price plummet by 9.02% during intraday trading on Thursday, marking a significant decline for the technology company.

The sharp drop followed analyst actions including UBS lowering its price target on Waystar to $37 from $41 while maintaining a Buy rating. Other analyst coverage also circulated in the market, with Needham maintaining its $33.00 per share price target on the stock. These analyst assessments, particularly the reduced price target from UBS, appear to have contributed to negative investor sentiment toward the company.