(This is CNBC Pro's live coverage of Tuesday's analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A software stock and an e-commerce giant were among the stocks being talked about by analysts on Tuesday.
Piper Sandler raised its price target on Atlassian to $225, implying upside of more than 25%. Meanwhile, Mizuho maintained Amazon as a top pick, noting its approaching an inflection point in its artificial intelligence initiatives. Check out the latest calls and chatter below.
All times ET. 6:33 a.m.
: JPMorgan initiates 'highly profitable' Waystar at overweight Waystar has a bright outlook ahead, according to JPMorgan. The bank initiated the health care tech stock with an overweight rating and a December 2025 price target of $24. The stock debuted on the Nasdaq last month and closed on Monday afternoon at $21.
51. Goldman Sachs' new price forecast is approximately 12% above Monday's close. "Waystar is a vertical, cloud-based software company focused on automating, digitizing, and enhancing revenue cycle management functions," wrote analyst Anne Samuel.
"Adoption of their solutions is being driven by the growing number and complexity of healthcare payments and greater utilization of advanced RCM technologies such as AI." Going forward, the analyst sees "significant room" for Waystar to grow within its $15 billion addressable market opportunity, which is also growing at a 5% annual rate. This total addressable market could increa.
