Baird raised the firm’s price target on Phreesia to $31 from $30 and keeps an Outperform rating on the shares. The firm reported solid results and anticipated client additions going forward are prioritizing “profitable revenue growth,” which should yield improving retention and CAC payback.
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Read More on PHR:
- Phreesia’s Indian Expansion: Navigating Risks in a Dynamic Market
- Phreesia price target raised to $23 from $17 at RBC Capital
- Phreesia price target raised to $37 from $36 at Canaccord
- Phreesia backs FY25 revenue view $424M-$434M, consensus $428.12M
- Phreesia reports Q4 EPS (56c), consensus (26c)
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