Needham analyst Ryan MacDonald has reiterated their bullish stance on PHR stock, giving a Buy rating today.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ryan MacDonald has given his Buy rating due to a combination of factors that highlight Phreesia’s strong financial performance and strategic growth opportunities. The company recently reported a successful second quarter, where effective expense management contributed to an increase in their fiscal year 2026 EBITDA projections. This financial strength is complemented by the company’s core business, which continues to perform well, and the growth in average revenue per user year-over-year.
Furthermore, the acquisition of AccessOne, a receivables financing solution, significantly expands Phreesia’s total addressable market by $6 billion. This acquisition is expected to create growth synergies by integrating Phreesia’s core offerings with AccessOne’s clients and vice versa. The deal is seen as a new growth vector that could improve Phreesia’s financial profile, supporting the Buy rating at current stock levels.