Wells Fargo lowered the firm’s price target on Phreesia (PHR) to $15 from $25 and keeps an Overweight rating on the shares. The company’s fiscal 2027 revenue outlook “decelerated sharply,” but appears mainly Network-driven, the analyst tells investors in a research note. Wells cites valuation compression and Phreesia’s decelerated growth outlook for the target cut. The firm notes that its recent Network channel checks were constructive.
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